Cutting US Deficit While Economic Growth Is Frail Would Be ‘Foolish’: Orszag

Peter Orszag lays out the administration's line on the short-term deficit:

AP source: White House budget chief stepping down By BEN FELLER 2010-06-22T02:17:23Z WASHINGT

US President-elect Barack Obama nominated Congressional Budget Office chief Peter Orszag to be the director of the White House budget office.

White House Budget Director Peter Orszag's expected resignation would make him the first high-profile member of President Barack Obama's team to depart the administration.

White House Budget Director Peter Orszag's expected resignation would make him the first high-profile member of President Barack Obama's team to depart the administration.

White House Budget Director Peter Orszag plans to resign, a Democratic official said Monday night, positioning him to be the first high-profile member of President Barack Obama's team to depart the administration.