Word: omb
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...congressional hands may regard Raines' style as a bit naive, but in some ways it represents how the second Clinton Administration is rearranging its priorities. "He gets it," says Vice President Al Gore, a longtime friend, who recruited Raines for the job. "In a relatively short time as OMB director, he has acquired perfect pitch." It comes in part from his training as an investment banker, which he shares with the two other prominent members of Clinton's negotiating team, Treasury Secretary Robert Rubin and White House chief of staff Erskine Bowles. Theirs is a culture in which winning...
...wore enormous glasses, Raines was even captain of the football team. "Mr. Everything," the Seattle Times called him when he got a four-year scholarship to Harvard. Five years later, the paper touted the 23-year-old Rhodes scholar as a "super black"--which may help explain why the OMB director bristled the first time his press staff made note of his race in a news release and ordered that it never happen again...
...pruzan, his high school debate partner, would talk seriously about the day raines might become the first black president. in 1977 a congressional seat opened up and pruzan began organizing a raines campaign. instead, raines took a job in the carter white house that included his first stint at OMB. when carter lost, raines went to work, making millions of dollars, first as a partner doing municipal finance at the manhattan investment house lazard freres. when the travel for that job became too much for a man with a young family, he accepted an offer to become vice chairman...
...financial hit that Raines will take to assume the OMB position is indicative of his strong motivation toward public service, Nebel says...
After finishing his formal education, Raines began a long and distinguished career in public service. Between 1977 and 1979, he served in the OMB as associate director for economics and government and as assistant director of the White House policy staff under the Carter administration...