Well, the most glamorous power nerd after Barack Obama, of course. Office of Management and Budget head Peter Orszag is leaving the White House, Robert Gibbs confirmed in the White House press briefing today. He will be the first member of the Obama cabinet to leave the administration.
A former director of the Congressional Budget Office, Orszag has worked to advance two of Obama’s top legislative priorities: the $862 billion economic stimulus measure passed in February 2009 and the $940 billion health-care overhaul passed in March. As director of the budget office, he prepared both of Obama’s first two spending blueprints.
Presidential advisers say a possible successor as director of the Office of Management and Budget is Rob Nabors, who was Orszag's deputy and went over to the Chief of Staff’s office to be a senior adviser to Rahm Emanuel. Nabors now he attends the 7:30 a.m. senior staff meeting and insiders say his stock never dropped, but only gained in value.
Two other possible replacements each served as chief economic adviser to President Bill Clinton: Laura D’Andrea Tyson of the University of California at Berkeley, named by Obama as a member of the President’s Economic Recovery Advisory Board; and Gene Sperling, now a counselor to Treasury Secretary Tim Geithner.
Will they bring the sexy required to launch a thousand gushy profiles? Here's one of Orszag's greatest hits, in which he explains that Obamacare must and will require rationing by an unelected board, despite the fact that Obama claimed it wouldn't:
White House advisor Paul Volcker made news this week by calling a value-added tax (VAT) "not as toxic an idea" as it's been in the past for tackling the nation's deficit problem. Today, Congressional Budget Office Director Douglas Elmendorf confirmed he's been getting "a lot of questions" about the VAT tax from Congress.