Peter Orszag: News & Videos about Peter Orszag

31 Stories on Peter Orszag

Obama's Cabinet claims $243 million in federal savings

A challenge that President Obama made to his Cabinet in April resulted in cost-cutting measures that more than doubled the original $100 million target, his administration said Monday.

CNNMoney: White House hits watchdog on Medicare plan

The White House has criticized the Congressional Budget Office's findings that the Obama administration's proposal to control Medicare costs would yield a moderate savings of $2 billion over the next decade.

Experts debate proposed 'big brother' medical council

The Obama administration is touting a provocative proposal to give a medical advisory council the power to help decide the scope of coverage that would be eligible for reimbursement under Medicare.

CNNMoney: Paying for health care: Wealth tax is 'legitimate'

More work is needed on proposed health care reform legislation to ensure that whatever bill eventually gets passed by Congress is budget neutral, Health and Human Services Secretary Kathleen Sebelius said Sunday.

Commentary: Big risks if Obama acts boldly on budget

Americans are usually uninterested in legislative procedure. The technical rules that govern the House and Senate are of little concern to average citizens except for those rare moments when procedures become tied up with major policy battles.

CNNMoney: Deficit estimate: Up to $1.85 trillion

The U.S. budget deficit in 2009 is projected to spike to between $1.67 trillion and $1.85 trillion, according to estimates released Friday by the Congressional Budget Office.

CNNMoney: Health tax break: Sacrosanct no more

Get ready. Washington is again debating how to fix the health care system. And the outcome might affect your wallet.

White House rejects request to use stimulus to pay off state debt

The White House has rejected South Carolina Gov. Mark Sanford's request to use a portion of the state's allotted federal stimulus funds to pay off state debt instead of spending it on government services or programs.

Obama budget director: We'll cut pork after '09 spending bill

Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: This president will bring a halt to pork-laden bills.

CNNMoney: Orszag promises better spending bill - next time

Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: this president will bring a halt to pork-laden bills.

Obama's Cabinet claims $243 million in federal savings

A challenge that President Obama made to his Cabinet in April resulted in cost-cutting measures that more than doubled the original $100 million target, his administration said Monday.

CNNMoney: White House hits watchdog on Medicare plan

Experts debate proposed 'big brother' medical council

The Obama administration is touting a provocative proposal to give a medical advisory council the power to help decide the scope of coverage that would be eligible for reimbursement under Medicare.

CNNMoney: Paying for health care: Wealth tax is 'legitimate'

Commentary: Big risks if Obama acts boldly on budget

CNNMoney: Deficit estimate: Up to $1.85 trillion

The U.S. budget deficit in 2009 is projected to spike to between $1.67 trillion and $1.85 trillion, according to estimates released Friday by the Congressional Budget Office.

CNNMoney: Health tax break: Sacrosanct no more

Get ready. Washington is again debating how to fix the health care system. And the outcome might affect your wallet.

White House rejects request to use stimulus to pay off state debt

Obama budget director: We'll cut pork after '09 spending bill

Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: This president will bring a halt to pork-laden bills.

CNNMoney: Orszag promises better spending bill - next time

Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: this president will bring a halt to pork-laden bills.

CNNMoney: Reality check on Obama's deficit plan

President Obama won't submit a formal 2010 budget request to Congress until next month. But the head-knocking on the Hill over fiscal priorities begins in earnest this week.

Orszag emerges from behind the scenes as budget is unveiled

At 40, Peter Orszag is the youngest member of the Obama Cabinet and one of People magazine's "hottest." These days he's also front and center of the president's key policy initiatives.

Obama unveils budget blueprint

President Obama on Thursday unveiled a $3 trillion-plus budget that he says will halve the federal deficit by the end of his first term.

CNNMoney: Health care overhaul: $634 billion

Two White House officials told CNN Wednesday that the proposed budget to be released Thursday will include a $634 billion health care "reserve fund," which is intended to help pay to overhaul the nation's health care system.

Obama's deficit strategy 'wildly optimistic,' economist says

Some economists doubt President Obama will be able to meet his goal of cutting the nation's deficit in half by the end of his first term.

CNNMoney: Spend! Cut! Obama's budget dilemma

If you're looking for Peter Orszag, you might check between a rock and a hard place.

CNNMoney: Stimulus: What Obama really wants

As Senate Democrats angle for enough votes to pass an $885 billion economic recovery package, the Obama administration has laid out what it does - and doesn't - want in the final package.

CNNMoney: Obama picks a budget chief

President-elect Barack Obama on Tuesday nominated Peter Orszag to head the Office of Management and Budget (OMB), the president's chief number-crunching department, and said he sees "tough choices" ahead in determining programs to keep or cut.

Obama expected to discuss budget cuts

President-elect Barack Obama on Tuesday will unveil Peter Orszag as his nominee for director of the Office of Management and Budget, two sources close to Obama's transition operation told CNN.

Source: Orszag tapped for Office of Management and Budget

President-elect Barack Obama has picked Peter Orszag, the head of the Congressional Budget Office, to head his Office of Management and Budget, a top Democratic source told CNN Tuesday.

Time.com: $2 Trillion Lost in Retirement Plans

Americans' retirement plans have lost as much as $2 trillion in the past 15 months, Congress' top budget analyst estimated Tuesday

CNNMoney: Where things stand

As the Bush administration continued to push Congress to accept its rescue proposal, the president geared up for a prime-time address to the nation Wednesday night - his biggest push yet for the proposed $700 billion bailout of the U.S. financial system.

CNNMoney: Bailout cost unknown - CBO

Average Americans aren't the only ones who think they don't have enough information to assess the Treasury's proposal to buy up to $700 billion of troubled mortgage assets.

CNNMoney: Uncle Sam: $407 billion in the hole

The budget deficit will jump by $246 billion to $407 billion this year, the Congressional Budget Office estimates in a report released Tuesday.

CNNMoney: Stimulus debate turns on rebates

As pressure builds on Washington to juice the economy, a one-time consumer rebate has emerged as the likely centerpiece of a $150 billion stimulus program.

CNNMoney: 'War on Terror' may cost $2.4 trillion

The wars in Iraq, Afghanistan and anti terrorist efforts abroad could cost the country $2.4 trillion over the next ten years, according to a report Wednesday.

Fortune: Fuzzy Bush math

There will be lots of celebrating in Washington next month when the Treasury announces that the federal budget deficit for fiscal 2007, which ends September 30, will have dropped to a mere $158 billion, give or take a few bucks.

CNNMoney: Private equity: Hike taxes and we may not play

What happens when you boost taxes on high-income folks who manage $2 trillion that is integral to capital markets and spurs innovation, creating the Googles and Genentechs of the world?

CNNMoney: Incentives to save aren't working

NEW YORK (CNNMoney.com) - By now everyone knows American workers aren't saving enough for retirement.

CNNMoney: Senators, experts debate Social Security

NEW YORK (CNN/Money) - More than partisan bickering, genuine intellectual disagreement was in evidence at the Senate Finance Committee hearing on Social Security Tuesday.

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CNN

CNNMoney: White House hits watchdog on Medicare plan

CNNMoney: Paying for health care: Wealth tax is 'legitimate'

CNNMoney: Deficit estimate: Up to $1.85 trillion

CNNMoney: Health tax break: Sacrosanct no more

CNNMoney: Orszag promises better spending bill - next time

CNNMoney: White House hits watchdog on Medicare plan

CNNMoney: Paying for health care: Wealth tax is 'legitimate'

CNNMoney: Deficit estimate: Up to $1.85 trillion

CNNMoney: Health tax break: Sacrosanct no more

CNNMoney: Orszag promises better spending bill - next time

CNNMoney: Reality check on Obama's deficit plan

CNNMoney: Health care overhaul: $634 billion

CNNMoney: Spend! Cut! Obama's budget dilemma

CNNMoney: Stimulus: What Obama really wants

CNNMoney: Obama picks a budget chief

Time.com: $2 Trillion Lost in Retirement Plans

CNNMoney: Where things stand

CNNMoney: Bailout cost unknown - CBO

CNNMoney: Uncle Sam: $407 billion in the hole

CNNMoney: Stimulus debate turns on rebates

CNNMoney: 'War on Terror' may cost $2.4 trillion

Fortune: Fuzzy Bush math

CNNMoney: Private equity: Hike taxes and we may not play

CNNMoney: Incentives to save aren't working

CNNMoney: Senators, experts debate Social Security

CNNMoney: Social Security grabs Senate attention