WASHINGTON – Congress' top budget expert is going to help President-elect Barack Obama manage federal spending.
Obama today named former Congressional Budget Office Director Peter Orszag to be director of the Office of Management and Budget.
"In these challenging times, when we are facing both rising deficits and a sinking economy, budget reform is not an option. It is an imperative," Obama said in a statement.
Recommended For You
Orszag, ran the CBO from January 2007 to earlier this year. Before that, he was a senior fellow at the Brookings Institution, a Washington, D.C. think tank. Before that, he was a senior economist for and senior adviser to the Council of Economic Advisers during the Clinton administration.
The Congressional Budget Office is charged with analyzing the budgetary implications of various legislative proposals.
On Monday, Obama said as a way to find some of the money for his economic stimulus plan his administration would "scour" the existing budget to find areas to cut costs.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
