In July, White House Office of Management and Budget director Peter Orszag could be leaving his post. Officials close to Orszag have said he would be leaving for a when, but the July date was only recently announced to the public. The White House OMB director carries significant financial and political clout within the government. Though names are being considered, no solid replacement has been appointed yet.
Peter Orszag as budget guru
As director of the OMB, Peter Orszag was a member of Obama’s cabinet. The OMB is charged with creating the annual White House budget that is sent to Congress. The OMB also provides estimates and opinions on legislation, in support of the Congressional Budget Office, upon the request of members of Congress. Two major pieces of legislation that Peter Orszag fought for were the stimulus bill and health care reform.
Peter Orszag’s government career
. The first job Orszag held was Special Assistant for Economic Policy. From January 2007 to November 2008, Peter Orszag served as head of the Congressional Budget Office. Peter Orszag also writes the official Office of Management and Budget blogger.
Who will replace Peter Orszag?
The replacement candidates for Peter Orszag have not yet been officially announced. However, political watchers are throwing names around already. More likely than not, Peter Orszag’s replacement can be someone already within the White House. Some think it can be Rob Nabors, who is already attending senior staff meetings. Members of the Economic Recovery Advisory Board and Treasury Secretary counselors have also been named as possible replacements. Whoever the replacement is, President Obama has put significant power in the hands of the director of the OMB, so the budget guru better be someone up to the task.
