Official picks at OMB


12:06 PM: Obama reiterated his pledge to go “line-by-line” through the federal budget looking for failed programs:

Budget reform is not an option. It’s a necessity. We can’t sustain a system that bleeds billions of taxpayer dollars on programs that have outlived their usefulness. We simply can’t afford it.

12:00 PM: On top of yesterday’s economic team announcements, the president-elect made two more official nominations today:

  • As expected, Congressional Budget Office director Peter Orszag will take over as head of the Office of Management and Budget;
  • Rob Nabors, the staff director of the House Appropriations committee, will be Orszag’s deputy at OMB.

Obama is holding a press conference at noon ET; we’ll update with any interesting comments.


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