Obama selects chief performance officer

Consultant with roots in Clinton's Treasury Department will head the new post charged with fiscal order, sources say.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

How will the Obama stimulus proposal affect the economy?
  • It will end the recession quickly
  • It won't end the recession, but will soften its impact
  • It will make the recession worse
  • No impact

WASHINGTON (CNN) -- President-elect Barack Obama plans to name Nancy Killefer on Wednesday as his administration's chief performance officer, according to two Democratic officials.

Killefer is senior director of McKinsey & Company Inc., a management consulting firm in Washington. She served as assistant secretary for management and chief financial officer of the Treasury Department during the Clinton administration.

As chief performance officer, a newly created position, Killefer will work to restore fiscal order by scrubbing the federal budget and reforming government.

On Tuesday, Obama warned of the likelihood of "trillion-dollar deficits for years to come," partly due to the economic downturn. He said the government would have to "make tough choices" in the budget "to address both the deficit of dollars and the deficit of trust." To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
Star Trek technology that we use today With the death of Leonard Nimoy, the actor who played Star Trek's Spock, we remember his character's legacy: The technology we use every day. More
Zombie brands with a second life Where you can still get an Ionic Breeze air freshener. The Sharper Image and five other bankrupt brands still walk among the living, sort of. More
4 trends popping up in high-end kitchens Here's what luxury homeowners are adding to their kitchens. More
Sponsors