Obama to tap ex-Secret Service agent to oversee stimulus plan

A former Secret Service agent is expected to be named chairman of the organization overseeing the federal-economic-stimulus-plan spending.
FEB 23, 2009
By  Bloomberg
A former Secret Service agent is expected to be named chairman of the organization overseeing the federal-economic-stimulus-plan spending, The Boston Globe reported today. President Obama will name Earl Devaney chairman of the Recovery Act Transparency and Accountability Board today at a meeting with governors. The new board will oversee the $787 billion stimulus plan. Mr. Devaney has served as the inspector general at the Department of the Interior since 1999 and was instrumental in exposing the corruption at the department, including the dealings of former lobbyist Jack Abramoff, who pleaded guilty in 2006 to felony charges of fraud and corruption. Mr. Devaney also served at the Secret Service from 1970 to 1991.

Latest News

Risk appetite fades, stocks snap seven-day winning streak
Risk appetite fades, stocks snap seven-day winning streak

Oil is also lower Thursday as investors take a breath.

No need for rate cuts now, says Fed’s Daly
No need for rate cuts now, says Fed’s Daly

Policymakers can afford to be patient says Fed San Francisco president.

Gold drops again as haven demand eases
Gold drops again as haven demand eases

More positive trade talks prompts bullion pullback.

Can Americans even afford RFK Jr.'s drive for healthier diets?
Can Americans even afford RFK Jr.'s drive for healthier diets?

Reduced reliance on ultra-high-processed food will be costly.

What should RIAs have on their regulatory radar right now?
What should RIAs have on their regulatory radar right now?

With a new regime at the SEC, Savvy Wealth's Lisandra Wilmott speaks out on ongoing and unfolding risks around off-channel communications, AI, and private market investments.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.