Orszag ’91 to leave post as White House budget director

White House budget director Peter Orszag ’91 will step down from his position in the Obama administration in July, the Wall Street Journal reported on Monday.

Obama named Orszag to head the Office of Management and Budget in November 2008, and since then Orszag has served as a key economic advisor, working to shape the economic stimulus bill the passed in the first few weeks of the administration and the health care reform bill that passed in March.

Previously, Orszag served as director of the Congressional Budget Office under President George W. Bush and on the Council of Economic Advisors under President Bill Clinton. Orszag, an economics major at the University, wrote a thesis titled “Congressional Oversight of the Federal Reserve.” He then studied the London School of Economics on a Marshall scholarship, earning his master’s and Ph.D. in economics.