peter orszag

37th Director of the Office of Management and Budget Incumbent Assumed office

January 20, 2009 President Barack Obama Preceded by Jim Nussle 7th Director of the Congressional Budget Office In office

January 18, 2007 – November 25, 2008 Preceded by Douglas Holtz-Eakin Succeeded by Robert Sunshine (Acting) Born December 16, 1968 (1968-12-16) (age 40)

Boston, Massachusetts Political party Democratic Relations parents Reba (Karp) Orszag

Steven A. Orszag

brothers Michael, Jonathan Children Leila Madeleine

Joshua Nathaniel Alma mater London School of Economics MSci, PhD

Princeton University BA Religion Judaism

Peter Richard Orszag (born December 16, 1968) is an American economist who is currently the 37th Director of the Office of Management and Budget under President Barack Obama. He was, until recently, Director of the Congressional Budget Office. Contents [hide] 1 Biography 2 Career 3 Director of the Office of Management and Budget 4 Writings 5 External links 6 References //

Biography

Peter was born in Boston. After graduating from Phillips Exeter Academy with high honors (1987), he earned a B.A. summa cum laude in economics from Princeton University in 1991, and an M.Sc. (1992) and a Ph.D. (1997) in economics from the London School of Economics. He was a Marshall Scholar 1991-1992. He is a member of Phi Beta Kappa.[1]

Economists Alan Blinder (who taught him at Princeton) and Joseph Stiglitz were his mentors early in life, and later Robert Rubin.[2]

Orszag is divorced and lives in Washington, D.C. with his two children, Leila and Joshua. He runs in marathons and enjoys country music. [3][2]

Career

Orszag was a senior fellow and Deputy Director of Economic Studies at the Brookings Institution, where he directed The Hamilton Project and (in conjunction with Georgetown University's Public Policy Institute) the Pew Charitable Trust's Retirement Security Project.

He served as Special Assistant to the President for Economic Policy (1997–1998), and as Senior Economist and Senior Adviser on the Council of Economic Advisers (1995–1996) during the Clinton administration. He also formed a consulting group called Sebago Associates, which merged into Competition Policy Associates and was bought by FTI Consulting Inc. He was a consultant for McKinsey and Company on an HMO project in San Francisco, California.

Orszag was director of the Congressional Budget Office from January 2007 to November 2008. During his tenure, he repeatedly drew attention to the role rising health care expenditures are likely to play in the government's long-term fiscal problems--and, by extension, the nation's long-term economic problems. "I have not viewed CBO's job as just to passively evaluate what Congress proposes, but rather to be an analytical resource. And part of that is to highlight things that are true and that people may not want to hear, including that we need to address health-care costs."[4] During his