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

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound