President Barack Obama on Thursday nominated John Koskinen to head the embattled Internal Revenue Service.

Koskinen oversaw the government's preparations for the year 2000 and helped lead Freddie Mac out of its financial crisis.

If confirmed by the Senate, part of Koskinen's task will be to restore confidence in the IRS, which is recovering from recent scandals involving inappropriate behavior toward tax-exemption applicants and lavish spending on a conference in California.