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US 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.
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 Jan 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 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.
Last updated on Nov 26th, 2008 at 07:31 am IST--DPA
A gas explosion at a coal mine in north-east China trapped 139 workers early Saturday, local media reported.
Another month, another milestone: US President Barack Obama's long struggle to enact far-reaching health reforms faces another hurdle Saturday in the US Senate.
A serious fire destroyed 106 homes in a poor neighbourhood in Guayaquil, the largest city in Ecuador.
The US sees the decision by Honduras' disputed de-facto leader Roberto Micheletti to step down during elections as a "positive step," a senior US State Department official said.
Hollywood actress Kate Hudson has revealed her six-year-old son Ryder has a crush on Spanish beauty Penelope Cruz.
One-rank-one-pension demand accepted: Antony
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Shiv Sainiks attack TV channel offices in Mumbai, Pune; 4 staffers injured (Second Lead)
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Mattoo brings about a truce between Brasa and players
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New treatment for hemophilia launched in India
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Dara Singh’s Son Lands up in Bigg Boss!
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[quote=unnikrisb;3771]Why it is necessary to talk with ancestors ?
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I...
APTITUDE
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ANS :...