Budget director to step down

Budget director to step down


White House budget chief Peter R. Orszag is expected to depart in the coming months, possibly as early as July, according to multiple news reports on Tuesday.

The director of the Office of Management and Budget, Orszag would be the first member of President Obama's Cabinet to leave the administration.

Orszag has become one of the key public faces of the administration's economic policy, appearing on everything from Sunday morning news shows to Comedy Central's The Daily Show.

During his tenure, the administration secured the $787 billion stimulus package and health care reform law, instituted a budget freeze for most civilian agencies and chartered a new path for federal procurement. He also helped prepare the president's first two budgets.

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