President-elect Barack Obama announced
Tuesday that he has selected an economic advisor from Bill Clinton's
administration to head the White House office that oversees the federal budget,
dpa reported.
Peter Orszag, 39, will leave his post as director of the Congressional
Budget Office to head the Office of Management and Budget if his nomination is
approved by the Senate.
Obama touted Orszag as someone who can help identify wasteful spending and save
taxpayer dollars while the United States tries to recover from the growing
economic crisis.
Obama has moved quickly to announce his economic team to gain the confidence of
Americans that his administration will be poised to take the reins from
President George W Bush in January 20 and reverse the economic downturn.
"Given the extraordinary circumstances we find ourselves in, I think it is
very important for the American people to understand we are putting together a
first class team," Obama said at a press conference in Chicago.
Obama on Monday named Timothy Geithner to head the Treasury Department and
Larry Summers as his top White House economic advisor. Summer served as
Treasury secretary under Clinton.