TERRE HAUTE -- Mitch Daniels, director of the Office of Management and Budget, will deliver the Oscar C. Schmidt Memorial Lecture Friday at Rose-Hulman Institute of Technology.
The Schmidt Lecture annually brings to campus national leaders to discuss the free enterprise system. The title of Daniels' speech is "Speed Saves, Failure Fuels: Why Living on the Edge is America's Edge." His presentation begins at 11 a.m. in the Hatfield Hall theatre. The event is free and open to the public.
As director of the OMB, Daniels oversees the preparation of the federal budget and supervises its execution throughout the government. Before a department or agency issues a new regulation, the OMB evaluates its efficacy, legality and paperwork burden. The OMB is responsible for maintaining consistency with administration policy in all agency actions throughout government, and speaks for the administration when the White House takes a stand on legislation pending in Congress.
Daniels announced May 6 that he would leave the position as OMB Director within 30 days to return to Indiana.
He was among a very small group of senior Bush Administration officials charged with designing the nation's new Department of Homeland Security, and oversaw the transition of over 100 agencies and sub-agencies into the new Cabinet department.
Daniels was appointed by President George Bush as director of the OMB. He was confirmed by the United States Senate on January 23, 2001. He was the first person from Indiana selected as a Cabinet officer since former Indiana Governor Otis Bowen.
Prior to his White House post, he worked for more than a decade at Eli Lilly and Company, ending his service as senior vice president of corporate strategy and policy. He previously served as the company's President of North American Pharmaceutical Operations.
In 1987, Daniels was named president and chief executive officer of the Indianapolis-based Hudson Institute. In the Reagan White House, Daniels was an assistant to the President and served as the administration's liaison to the nation's state and local officials. He served for 11 years as Chief of Staff for then-Mayor of Indianapolis and current U.S. Senator Richard Lugar.
Daniels graduated from Princeton University in 1971, and received his law degree from Georgetown University in 1979.
The Schmidt Lecture was established 50 years ago through the generosity of the Cincinnati Butcher's Supply Company in memory of the late Oscar C. Schmidt, a pioneering manufacturer of machinery for the packing industry.
Daniels will also receive the Chauncey Rose Medal which is presented each year to the Schmidt lecturer.
Chauncey Rose founded Rose-Hulman in 1874.