Peter R. Orszag

Adjunct Senior Fellow


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


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

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Retirement Will Kill You

Author: Peter R. Orszag

Peter Orszag explains that employment, in and of itself, may provide health benefits in the form of decreased rates of depression, increased mobility, and improved life expectancy as compared to those who are unemployed or retired.

See more in United States; Labor; Aging

CFR Events

Media Conference Call

Michael Levi and Peter Orszag on America's Energy Future

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Corporate Meeting

Corporate Teleconference: Affordable Care Act

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General Meeting ⁄ New York

World Economic Update

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General Meeting ⁄ New York

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

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Corporate Meeting

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

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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.