Word: omb
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Bentsen, 71 and chairman of the Senate Finance Committee, was the capstone as Treasury Secretary. Accenting his desire to work with Congress, Clinton tapped Leon Panetta, who chairs the House Budget Committee, as OMB director. Wall Street was represented by Robert Rubin as the head of the new National Economic Council in the White House, and Roger Altman, a Clinton college classmate, as Bentsen's deputy. Alice Rivlin, former director of the Congressional Budget Office, will be Panetta's deputy. The solid choices signaled Clinton's concern with the deficit and need to reassure business...
...government major, I have to write papers about politics every week. At The Crimson, I have to edit columns about politics every day. John Locke, OMB, David Souter, ICBM, Richard Pipes, NRA. It gets tiresome. Where's the poetry? Where's the color? Where's the innovation...
...White House's Office of Management and Budget (OMB), which sets the regulations for what can be charged as indirect costs, has proposed capping the rate of administrative indirect costs--one of several categories of indirect costs--at 26 percent of direct costs...
...OMB will be drafting a new version of Circular A-21--the all-encompassing set of regulations defining appropriate indirect cost billing--that will attempt to further restrict overhead reimbursements in light of the findings...
...unpublished report, which was leaked to the press last summer, the White House study recommended 18 steps costing a total of $500 million a year, including targeting 20 areas where infants die in especially high numbers. But the OMB scaled back the White House proposals to $171 million; instead of targeting 20 areas, it recommended 10. Worse, OMB decided that a large part of the money would come from other health programs for poor women and children. That penny-pinching tactic sparked an outcry that could be heard all the way down Pennsylvania Avenue. "It is absolutely Mephistophelian...