FACTBOX-White House mulls successor to budget chief Orszag

By Reuters Staff
June 22, 2010

June 22 (Reuters) – White House budget director Peter Orszag plans to step down from his job in July, marking the first departure of a major player on President Barack Obama’s economic team.

Following are some candidates under consideration to succeed him:

LAURA TYSON – She was chairwoman of the Council of Economic Advisers during Bill Clinton’s presidency, responsible for coordinating economic advice within the White House. She is now a professor at the Haas school of business and management at the University of California, Berkeley. Tyson is a member of Obama’s President Economic Recovery Advisory Board, a panel of outside experts led by former Federal Reserve Chairman Paul Volcker.

GENE SPERLING – As counselor to Treasury Secretary Timothy Geithner, Sperling has been a key player within the administration on a wide variety of issues from the business lending initiative to remedies for the financial crisis to health care and tax policy. He is also a former Clinton administration official and in 1996, succeeded Tyson as director of the National Economic Council.

ROBERT GREENSTEIN – Greenstein is executive director of the Center on Budget and Policy Priorities, a liberal think tank he founded in 1981. Its aim is to assess U.S. budget policies with a focus on their effects on lower- and middle-income Americans. Greenstein, who Clinton named in 1994 to serve on a panel on entitlement and tax reform, worked on budget matters on Obama’s presidential transition team. He also worked in the Agriculture Department in President Jimmy Carter’s administration.

(Writing by Caren Bohan in Washington; Editing by Bill Trott) ((caren.bohan@thomsonreuters.com; +1 202 898 8300;))

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