President Barack Obama’s selection to be the government’s chief budget officer received a bonus of more than $900,000 from Citigroup Inc. last year – after the Wall Street firm, for which he was employed by, received a substantial taxpayer bailout.

According to the Washington Times, “the money was paid to Jacob Lew in January 2009, about two weeks before he joined the State Department as deputy secretary of state, according to a newly-filed ethics form. The payout came on top of the already hefty $1.1 million Citigroup compensation package for 2008 that he reported last year.”

Members of Congress and White House administration officials expressed rage that executives at other bailed-out firms, including American International Group Inc., awarded bonuses to key executives. Officials of the State Department at the time resolutely refused to admit if Mr. Lew received a post-bailout bonus from Citigroup as a response to inquiries from the Washington Times.

Yet, Mr. Lew’s most recent financial disclosure report, provided by the State Department on Wednesday, proves that he did receive a humongous windfall.

As reported by the Washington Times, “White House officials declined to discuss the compensation Wednesday, saying only that Mr. Lew is the right person to lead the Office of Management and Budget.”

Moira Mack, wrote in an e-mail to the Washington Times, that, “Jack Lew has dedicated two decades to public service. He has served with distinction in two Administrations and in Congress, and has precisely the kind of experience we need at OMB at this critical juncture.”

Mr. Lew was formerly the chief operating officer at Citi Alternative Investments, a unit of Citigroup.

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