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Oct. 21, 2025 The Baker Institute for Public Policy welcomed the Honorable Jack Lew, former U.S. Treasury secretary and ambassador to Israel, for a Shell Distinguished Lecture on the future of America’s fiscal policy. Drawing on decades of service at the highest levels of government — including his leadership as director of the Office of Management and Budget under Presidents Bill Clinton and Barack Obama — Lew examined the U.S. budget, the national debt, and the pivotal role of OMB in shaping the nation’s fiscal future. His insights came at a critical moment, as debates over federal spending, deficits and economic priorities remain central to the nation’s outlook. In conversation with Ambassador David Satterfield, Lew reflected on lessons from his career in public service, shared perspectives on fiscal and foreign policy, and discussed the challenges of American leadership in a rapidly shifting global landscape. Moderator The Honorable David M. Satterfield Director, Rice University’s Baker Institute for Public Policy; Janice and Robert McNair Chair in Public Policy; Former ambassador to Lebanon and Turkey Featured Speaker Secretary Jack Lew is a professor of international and public affairs and faculty policy director of the Institute of Global Politics at Columbia University. He returned to Columbia after serving as U.S. ambassador to Israel in the Biden Administration. Previously, he was the 76th secretary of the Treasury and White House chief of staff under President Barack Obama, and also served as deputy secretary of state for management and resources and twice as director of the Office of Management and Budget (OMB), including during the Clinton administration, when the U.S. budget ran a surplus for three consecutive years. Earlier in his career, he was special assistant to President Bill Clinton, where he helped design Americorps and worked on health care reform with First Lady Hillary Rodham Clinton. Lew also served as executive director of the Democratic Steering and Policy Committee under House Speaker Thomas P. O’Neill, Jr. In the private sector, he held senior leadership roles at Citigroup, Lindsay Goldberg, and New York University, where he was responsible for budget, finance, and operations, and taught public administration. He is a graduate of Harvard College and Georgetown University Law Center, and a member of the American Academy of Arts and Sciences and the Council on Foreign Relations. Follow the Baker Institute on social media X ►► https://x.com/BakerInstitute Instagram ►► / bakerinstitute LinkedIn ►► / bakerinstitute Facebook ►► / bakerinstitute About the Baker Institute The Baker Institute is a nonpartisan public policy institute at Rice University. Ranked the No. 1 university-based think tank in the world, its mission is to bridge the world of ideas and the world of action. Visit our website to learn more: https://www.bakerinstitute.org/.