Obama chooses former Clinton aide to head budget office

Washington, Nov 26

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 26^th, 2008 at 07:31 am IST--DPA

Possibly related news:

Other News Headlines

Gas explosion traps 139 coal miners in north-east China

Beijing, Nov 21

A gas explosion at a coal mine in north-east China trapped 139 workers early Saturday, local media reported.

US health reforms face biggest test yet in Senate

Washington, Nov 21

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.

Fire destroys 106 homes in Ecuador

Quito (Ecuador), Nov 21

A serious fire destroyed 106 homes in a poor neighbourhood in Guayaquil, the largest city in Ecuador.

Honduras' Micheletti's temporary step down a 'positive step': US

Washington, Nov 21

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.

Kate Hudson's son has crush on Penelope Cruz

London, Nov 20

Hollywood actress Kate Hudson has revealed her six-year-old son Ryder has a crush on Spanish beauty Penelope Cruz.

Enter Your Name and Email below and Post your comment
Name	Email:
Comment:

Please login to use this service
Usermame :
Password :
Quick signup \| Forgot Password