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Peter Orszag
Peter Orszag, Former Obama Budget Chief, to Join Bailout Recipient Citigroup
By Tom Diemer - Politics DailyCitigroup, a huge banking conglomerate that the government rescued with a $45 billion bailout during the financial crisis, has hired Peter Orszag, who until recently served as President Obama's director of the Office of Management and Budget. Orszag, 41, will become vice president of global banking for the financial firm, according to the Associated Press. In line with ethics laws, he will not have contact with federal government officials. But Orszag got the attention of the White House last September, shortly after leaving the administration, when he advocated retaining the Bush-era tax ...
Jacob Lew Confirmed as Budget Director After Mary Landrieu Drops 'Hold'
By Tom Diemer - Politics DailyNothing much comes easy for this White House. Four months after Jacob Lew was nominated -- amid predictions that he would be quickly confirmed -- the Senate finally gave him the go-ahead Thursday as director of the Office of Management and Budget. His confirmation had been stalled, in part, due to a "hold" on it by Sen. Mary Landrieu (D-La.), who was protesting something that had nothing to do with Lew -- the Obama administration's moratorium on deep-water drilling in the Gulf of Mexico. The moratorium was lifted on Oct. 13, so Landrieu did not object when Lew's nomination sailed through on a ...
Senate Confirms Obama's Pick for Budget Director
By not in system - AOL NewsWASHINGTON (Nov. 18) -- President Barack Obama's choice for budget director won Senate confirmation Thursday after a senator ended her protest over the administration's moratorium on deepwater oil and gas drilling in the Gulf of Mexico. The Senate confirmed by voice vote Jacob Lew as director of the Office of Management and Budget. A deputy secretary of state, Lew served as budget director for nearly three years in the Clinton administration. Obama nominated Lew last July after Peter Orszag resigned. Sen. Mary Landrieu, D-La., had held up his confirmation to protest the six-month moratorium ...
Opinion: White House Exits Normal? Not By a Long Shot
By Richard Benedetto - AOL News(Oct. 13) -- It has become a mantra in the news media these days to include in every story about the departure of another high-level Obama White House official the cautionary declaration that "it is normal for appointees to leave after a president's first two years." The unspoken message here is that this is not a case of rats deserting a sinking ship, it's just routine housecleaning. But just how "normal" is it for a slew of high-ranking White House appointees to leave in the first two years? You don't have to look back too far to discover that, in fact, it's not so "normal" after ...
Docs on the Clock: Would Weekend Shifts Boost Health Care?
By Katie Drummond - AOL News(Oct. 4) -- If Americans are serious about improving health care, they may need to ask for some serious lifestyle changes from their medical providers: Docs might need to sacrifice the standard Saturday-Sunday weekend to boost patient care and save money. It's a controversial idea, but one that Peter Orszag, a fellow at the Council on Foreign Relations, sees as a worthwhile experiment in the ongoing efforts to patch up our country's flailing health care programs. Writing in today's New York Times, Orszag describes the changes being introduced at New York University's Langone Medical Center ...
Opinion: Liars, Damned Liars and Budget Directors
By Elaine S. Povich - AOL News(Sept. 8) -- What is it about White House budget directors? Maybe it's the inevitable clash between the numbers they know are right and the politics they know are wrong. Now comes former Obama administration budget director Peter Orszag to whip the clothes off the budget emperor. In a New York Times op-ed this week, Orszag says a recession is no time to scrap tax cuts for the wealthy -- the wealthy, he says, need that money to buy stuff and do their part to revive the economy. Democratic Party heresy! But he's not the first or only budget director to get heretical. Remember President Ronald ...
Obama's Ex-Budget Boss: Keep All Bush Tax Cuts for Two More Years
By Tom Diemer - Politics DailyPresident Obama's former budget director has broken with the White House over the thorny issue of what to do with the generous tax cuts enacted under President Bush and due to expire at the end of this year. Keep them all in place for another two years, Peter Orszag says, then kill them. "The best approach is compromise," Orszag says in a debut op-ed piece for the New York Times. "Extend the tax cuts for two years and then end them altogether. Ideally only the middle-class tax cuts would be continued for now. Getting a deal with Congress, though, may require keeping the high-income tax cuts, ...
Jacob Lew, Bill Clinton's Budget Brain, Returning to OMB Helm
By Alex Wagner - Politics DailyIn a message to her staff on Tuesday, Secretary of State Hillary Clinton called the departure of deputy secretary Jacob "Jack" Lew to become the new director of the Office of Management and Budget "obviously bittersweet." Lew, who previously held the OMB position under President Bill Clinton, is regarded as a talented, level-headed swami of the spreadsheet who oversaw an era of balanced budgets and surpluses -- ending his tenure $237 billion in the black. Press Secretary Robert Gibbs denied on Thursday that the White House, in hiring Lew, was trying to channel Clinton-era positive mojo for a ...
Obama Names Clinton Aide Jacob Lew as Budget Director
By Tom Diemer - Politics DailyPresident Obama named former Clinton administration budget chief Jacob J. Lew Tuesday as director of the White House Office of Management and Budget, an assignment that comes with a trillion dollar-plus deficit. "Jack" Lew, who succeeds Peter Orszag at OMB, has worked for both Clintons. Under then-President Bill Clinton, he ran the budget office between 1998 and 2000, an era that saw balanced budgets and surpluses, one year reaching $237 billion in the black. He currently serves as deputy secretary of state for management and resources -- essentially, the chief operating officer for Secretary ...
Goose the Economy or Worry About the Deficit: An Either-Or Choice?
By Jill Lawrence - Politics DailyA single day in Washington this week would tell future historians all they needed to know about the preoccupations of our time. That day would be Wednesday, with an agenda that included at least three think-tank discussions about the national debt, a public meeting of the National Commission on Fiscal Responsibility, a public meeting of the Financial Crisis Inquiry Commission, a press conference conducted by desperate governors pleading for federal help, a foreclosure auction, an alarming new poll, an even more alarming new estimate of long-term debt, a fourth Senate attempt to extend ...
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