White House Budget Director Peter Orszag was poised to become the first member of Barack Obama’s Cabinet to leave, as early as this summer. Then came an appeal from the president insisting that he reconsider.
Losing momentum in the economic recovery, not rising inflation, is the biggest threat as the U.S. seeks to rebound from the worst financial crisis since the Great Depression, according to Citigroup Inc.’s Peter Orszag.
Citigroup Inc. , the biggest bailout recipient among U.S. banks during the financial crisis, hired former White House Budget Director Peter Orszag to be vice chairman of its investment-banking division.
U.S. House Budget Committee Chairman Paul Ryan, a Wisconsin Republican, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that the November election may determine whether Congress can break its partisan impasse over taxes and spending.
Here’s a quick quiz: Do more people moonlight today than did in the 1990s? Are workers without a high-school degree more likely to work a second job than college graduates? And do immigrants moonlight more often than native- born Americans?
Among all the trials and tribulations that define Greece these days, one that has received relatively little attention is its sky-high smoking rate. Greece’s is the highest in the Organization for Economic Cooperation and Development. Greece is an outlier also in that its smoking rate has risen significantly over the past decade.