Lew hearing set for Thursday morning

The Senate Budget Committee will hold a hearing at 10 a.m. Thursday on Jacob Lew's nomination to be the next White House budget director.

Lew, chosen by President Obama to succeed Peter Orszag as head of the Office of Management of Budget (OMB), is expected to get bipartisan support. 

Sen. Judd Gregg (N.H.), the ranking Republican on the Budget Committee, has said that Lew is "very capable" and should be installed quickly. 

Lew has executive branch experience as the final OMB director in the Clinton administration, where he helped lead the federal budget into surplus in the late 1990s. 

He is the deputy secretary of State for operations and management and was confirmed to that position in January 2009.