WASHINGTON – Treasury Assistant Secretary for Economic Policy Mark Warshawsky submitted his letter of resignation July 6, effective July 28 to begin work with Watson Wyatt Worldwide, a global human capital consulting firm.

In his post at Treasury, Warshawsky had his hands in the debate of Social Security and Medicare reforms by reviewing and updating the Trustees' Reports. His office also initiated and evaluated the Terror Risk Insurance Program that the final program was based upon. "We provided accurate evaluations and forecasts of the performance of the economy, as the basis for the preparation of your annual budgets and as a testament to the need for, and the success of, your tax and regulatory policies," he wrote in his resignation letter.

Warshawsky continued, "I wish Mr. Paulson well in his stewardship of the Department and the economy and I wish you well in your continued strong leadership of the Federal Government and our great Nation."