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Peter Orszag to Step Down as White House Budget Director

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It has been announced that Peter Orszag will be stepping down from his position as White House budget director within the coming months.

He will become the first high-profile member of the Obama administration to leave his position and is leaving before the administration faces its next budget. Orszag’s spokeman, Kenneth Baer, commented on his announced departure. He said, “Peter’s focused on his work, not on Washington speculation.”

Earlier in his career, Orszag was head of the Congressional Budget Office under former President George W. Bush and served as assistant to former President Bill Clinton for economic policy and senior adviser for the National  Economic Council.

He is recognized for his work in shaping how the administration spent and allocated money. During his time with the Obama administration, Congress passed the most aggressive economic stimulus plan in U.S. history, as well as the health care reform.

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