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News Release

Orszag Joins Peterson Institute for International Economics Board of Directors

March 13, 2012

Contact:    Steven R. Weisman    (202) 454-1331

Washington, DC—The Peterson Institute for International Economics is pleased to announce that Peter R. Orszag, former director of both the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) and currently Vice Chairman of Global Banking at Citigroup, has joined the Institute’s Board of Directors. His appointment reflects the Peterson Institute’s commitment to engaging in the full range of domestic and international public policy issues facing the United States and the world economy.

Dr. Orszag served as the Director of OMB from January 2009 until July 2010. In 2007–08 he was Director of the CBO, a nonpartisan position, where he led the agency to expand its focus on health care and climate change. Before joining Citigroup in January 2011, he served as a Distinguished Visiting Fellow at the Council on Foreign Relations and a contributing columnist at the New York Times. He is also now a contributing columnist at Bloomberg View and an adjunct senior fellow at the Council on Foreign Relations.

Prior to CBO, Dr. Orszag was the Joseph A. Pechman Senior Fellow and Deputy Director of Economic Studies at the Brookings Institution. While at Brookings he also served as Director of The Hamilton Project, Director of the Retirement Security Project, and Co-Director of the Tax Policy Center. During the Clinton Administration, he was a Special Assistant to the President for Economic Policy, and before that, a staff economist and then Senior Advisor and Senior Economist at the President’s Council of Economic Advisers.

Dr. Orszag graduated summa cum laude in economics from Princeton University and obtained a PhD in economics from the London School of Economics, which he attended as a Marshall Scholar. He has been the co-author or co-editor of several books including Protecting the Homeland (2006), Aging Gracefully: Ideas to Improve Retirement Security in America (2006), Saving Social Security: A Balanced Approach (2004), and American Economic Policy in the 1990s (2002).

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About the Institute

The Peter G. Peterson Institute for International Economics is a private, nonprofit, nonpartisan research institution devoted to the study of international economic policy. Its founding director is C. Fred Bergsten. Since 1981 the Institute has provided timely and objective analysis of, and concrete solutions to, a wide range of international economic problems. It is one of the very few economics think tanks widely regarded as “nonpartisan” by the press and “neutral” by the US Congress, and its research staff is cited by the quality media more than that of any other such institution. Support is provided by charitable foundations, private corporations, and individual donors, and from earnings on the Institute’s publications and capital fund. It moved into its award-winning new building in 2001, and celebrated its 25th anniversary in 2006 and adopted its new name at that time, having previously been the Institute for International Economics.