Orszag for WH Budget Office

CQ Politics:

Congressional Budget Office Director Peter R. Orszag has been approached by President-elect Barack Obama’s transition team about becoming director of the White House budget office in the new administration and is the leading candidate for the job, according to sources on and off Capitol Hill.

Orszag, like all candidates for posts in the Obama administration, would have to go through a thorough vetting process before he would be nominated to head the Office of Management and Budget (OMB). The transition team press office said it does not comment on potential appointments.

Orszag has been CBO director since Janaury 2007 and is halfway through a four-year term. During his almost two years at CBO he has won the respect of Republicans as well as Democrats. CBO is a non-partisan office that helps Congress assemble its annual budget resolution, provides analyis of economic and budget policies and “scores,” or estimates, the cost of legislation.