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Peter R. Orszag

Adjunct Senior Fellow

Expertise

Economics, macroeconomics; U.S. budgetary policy, tax policy; health care.

Programs

Maurice R. Greenberg Center for Geoeconomic Studies

Bio

Peter R. Orszag is Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group at Citigroup, Inc. He is also a Contributing Columnist at Bloomberg View, a Distinguished Scholar at the NYU School of Law, and an Adjunct Senior Fellow at the Council on Foreign Relations.

Prior to joining Citigroup in January 2011, Dr. Orszag served as a Distinguished Visiting Fellow at the Council on Foreign Relations and a Contributing Columnist at the New York Times. He previously served as the Director of the Office of Management and Budget in the Obama Administration, a Cabinet-level position, from January 2009 until July 2010. From January 2007 to December 2008, Dr. Orszag was the Director of the Congressional Budget Office (CBO). Under his leadership, the agency significantly expanded its focus on areas such as health care and climate change.

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. Orszag has also founded and subsequently sold an economics consulting firm.

Dr. Orszag graduated summa cum laude in economics from Princeton University and obtained a Ph.D. in economics from the London School of Economics, which he attended as a Marshall Scholar. He has coauthored or coedited a number of 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).

Dr. Orszag serves on the Board of Directors of the Peterson Institute for International Economics, the Mt. Sinai Medical Center in New York, the Robert Wood Johnson Foundation, ideas42, and the Partnership for Public Service. He is also a member of the Institute of Medicine of the National Academies of Sciences, the Trilateral Commission, the Hamilton Project Advisory Council, and the Marshall Scholarship Alumni Advisory Board, and holds an honorary doctorate from Rensselaer Polytechnic Institute.

Featured Publications

All Publications

Op-Ed
Renewing America

Renewing America

Safer Social Security

Author: Peter R. Orszag
New York Times

Peter Orszag says that the Bowles-Simpson proposal could eliminate the long-term deficit in Social Security and make the system much more progressive. Even though Social Security is not a major contributor to our long-term deficits, reforming it could help the federal government establish much-needed credibility on solving out-year fiscal problem.

See more in United States; Aging

Op-Ed
Renewing America

Renewing America

Malpractice Methodology

Author: Peter R. Orszag
New York Times

Peter Orszag argues that the health care legislation enacted by Congress earlier this year does many things right.  However, lawmakers did miss an important opportunity to shield from malpractice liability any doctors who followed evidence-based guidelines in treating their patients.

See more in Health Policy and Initiatives; United States

CFR Events

Corporate Meeting

Corporate Teleconference: Affordable Care Act

Presider:

Gideon Rose, Editor, Foreign Affairs, and Peter G. Peterson Chair, Foreign Affairs

Speakers:

Peter R. Orszag, Adjunct Senior Fellow, Council on Foreign Relations, Barry Friedman, Jacob D. Fuchsberg Professor of Law, New York University School of Law
July 2, 2012 3:30-4:15 p.m. - Conference Call

This meeting is on the record.

Listen

General Meeting ⁄ New York

World Economic Update

Speakers:

Peter R. Fisher, Managing Director, BlackRock, Inc.; Former Undersecretary for Domestic Finance, U.S. Department of the Treasury, Desmond Lachman, Resident Fellow, American Enterprise Institute for Public Policy Research; Former Managing Director and Chief Emerging Market Economic Strategist, Salomon Smith Barney, Peter R. Orszag, Adjunct Senior Fellow, Council on Foreign Relations; Vice Chairman, Global Banking, Citigroup, Inc.; Former Director, Office of Management and Budget, The White House

Presider:

Sebastian Mallaby, Director, Maurice R. Greenberg Center for Geoeconomic Studies, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations
March 16, 2011 7:45-8:00 a.m. - Breakfast
8:00-9:00 a.m. - Meeting

This meeting is on the record.

ListenWatch

General Meeting ⁄ New York

C. Peter McColough Roundtable Series on International Economics: A New Foundation for Growth - Assessing the Economic Recovery and Future

Speaker:

Peter R. Orszag, Director, Office of Management and Budget

Presider:

R. Glenn Hubbard, Dean and Russell L. Carson Professor of Economics and Finance, Columbia Business School
July 22, 2009 12:30-1:00 p.m. - Lunch Reception
1:00-2:00 p.m. - Meeting

This meeting is on the record.

ListenWatch

Corporate Meeting

C. Peter McColough Roundtable Series on International Economics: A New Foundation for Growth - Assessing the Economic Recovery and Future

Speaker:

Peter R. Orszag, Director, Office of Management and Budget

Presider:

R. Glenn Hubbard, Columbia University
July 22, 2009 12:30-1:00 p.m. - Lunch Reception
1:00-2:00 p.m. - Meeting

This meeting is on the record.

ListenWatch

Press/Panels

Testimony

Economic and Fiscal Conditions

In remarks prepared for a postponed Senate Committee on Finance hearing, Peter Orszag argues that the U.S. must address both the weak labor market and an unsustainable fiscal path over the medium and long term.

Video Interview

Peter Orszag, Economist

Peter Orszag joins Maria Bartiromo on CNBC's Wall Street Journal Report to talk about the Obama administration's economic policies.

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