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Orszag Says Politics Hobbles Efforts to Fix Fiscal Woes

SAN ANTONIO — A former White House official delivered a predominantly pessimistic view of the challenges facing the U.S. economy at a PSCU conference.

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Peter Orszag said political partisanship and polarization have increased in the U.S. since after World War II to reach their highest point today.

SAN ANTONIO — A former White House official delivered a predominantly pessimistic view of the challenges facing the U.S. economy to executives attending PSCU Financial Service’s 2011 Senior Leadership Workshop and Member Forum last week.

Peter Orszag, former director of the Office of Management and Budget and current vice chairman of the Institutional Clients Group at Citigroup Inc., laced his remarks with humorous anecdotes about his career in Washington, but still left a fairly grim picture of the economic challenges facing the U.S. at this time.

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