Peter Orszag's early life

News & SocietyPolitics

  • Author Lori Baxter
  • Published April 21, 2011
  • Word count 387

Peter Orszag, the famous American economist and currently the vice chairman of global banking at Citigroup, has a long professional history, and after being born in Lexington, Massachusetts has ascended from success to success. Prior to his role at the Citigroup organization, Orszag was already involved with the Council of Foreign Relations, acting as a Distinguished Visiting Fellow and often contributing to the New York Times with his own column.

Of course, the primary role that Orszag is renowned for is his role under the Barack Obama administration, where he would scrutinize the budget deficit and make key decisions that would change the life of everyday Americans.

Orszag has an equally successful educational background, graduating from the Phillips Exeter Academy in 1987 with high honors, and earning an A.B. summa cum laude in economics in 1991, from Princeton University. Furthermore, his educational background boasts a M.Sc. and a PhD in economics, in 1992 and 1997 respectively, both from the London School of Economics.

With interests and academic ability beyond the realms of economics, Orszag even has membership to the Institute of Medicine of the National Academies of Science, as well as Phi Beta Kappa.

In his earlier life, during the early 1990s, he was taught by notorious by renowned economist Alan Blinder of Princeton University, only later to be mentored by Robert Rubin. This successful academic background, and his involvement with economic studies for so many years has without question allowed him to continue success in later life, becoming a prominent American political figure of the new millennium.

After his endeavors in University, Orszag continued his work in economics and soon became a Deputy Director of Economic Studies at Brookings Institution. Here he directed the Hamilton Project, a project which ‘seeks to advance America’s promise of opportunity, prosperity and growth’. This important role expanded Orszag’s portfolio and allowed him to enter the world of real and effective economic work. He worked under this project with the intent to foster economic growth by enhancing individual economic security and embracing government investments.

After serving as a Special Assistant to the President for Economic Policy between 1997 and 1998, and as the Senior Economist on the Council of Economic Advisers between 1995 and 1996, Orszag continued his important political role for President Barack Obama as the Director of the Office of Management and Budget.

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