Peter R. Orszag

Peter Richard Orszag ( born December 16, 1968 in Boston, Massachusetts) is an American economist. He served from January 2007 to November 2008 as director of the Congressional Budget Office, which is responsible for budgetary planning at the Congress of the United States. He then practiced from 20 January 2009, the Office of the Director of the Office of Management and Budget in the cabinet of U.S. President Barack Obama. From this post he resigned on 30 July 2010.

Biography

After graduating from Phillips Exeter Academy in 1991, he reached an AB summa cum laude in economics from Princeton University and a Ph.D. in economics at the London School of Economics, which was allowed him by a Marshall Scholarship.

After his studies he worked as a Special Assistant to the President for Economic Policy and as Senior Economist and Senior Adviser in the Council of Economic Advisers during the Clinton administration in the years 1997 to 1998. He also founded the Advisory Group Sebago Associates, which for Competition Policy Associates and subsequently by FTI Consulting Inc. was acquired. After Orszag worked as a " Joseph A. Pechman Senior Fellow " and deputy director of Economic Studies at the Brookings Institution, where he directed the Hamilton Project and the Retirement Security Project.

Orszag began his tenure as the seventh director of the Congressional Budget Office on 18 January 2007. November 18, 2008 it was announced that the U.S. President-elect Obama has appointed him to the future director of the Office of Management and Budget. Effective July 30, 2010, he resigned this office. Recently there had been allegations against Orszag, he was not able to cope with the high government deficit. Jacob Lew as his successor has been nominated, who had already directed the OMB between 1998 and 2001; its confirmation by the Senate in November 2010.

Peter Orszag currently lives in Washington with his two children Leila and Joshua. His deceased in May 2011 Father Steven was a respected physicist and mathematician.