Orszag named OMB director

From NBC's Domenico Montanaro As expected, Peter Orszag , director of the Congressional Budget Office, was named as President-elect Obama 's Office of Management and Budget Director, the Obama transition team announced today. Rob Nabors , currently Clerk and staff director of the House Appropriations Committee, was named Orszag's deputy. Nabors served in the OMB during the Clinton administration as a senior adviser to the director. “In these challenging times, when we are facing both rising deficits and a sinking economy, budget reform is not an option," Obama said in a statement. "It is an imperative. We cannot sustain a system that bleeds billions of taxpayer dollars on programs that have outlived their usefulness, or exist solely because of the power of a politician, lobbyist, or interest group.  We simply cannot afford it. This isn’t about big government or small government. It’s about building a smarter government that focuses on what works. That is why I will ask my team to ... (link)