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Jacob Lew

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President Barack Obama walks into the Diplomatic Reception Room of the White House in Washington Tuesday, July 13, 2010, to announce he will nominate Jacob Lew, left, as the next budget director. (AP Photo/Susan Walsh)

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Obama Budget Director_Thir.jpg

In this Dec. 9, 2009, file photo, Jacob Lew testifies on Capitol Hill in Washington. President Obama says he will nominate Mr. Lew to serve as budget director. (AP Photo/Pablo Martinez Monsivais, File)