[3] He was previously Head of North American Mergers & Acquisitions and Global Co-Head of Healthcare from July 2018 to June 2019.

He is on the Boards of Directors of the Peterson Institute for International Economics, the Mount Sinai Hospital, and New Visions for Public Schools in New York.

[9][10] His father, Steven Orszag, was a math professor at Yale University and his mother was the president and owner of a research and development company.

summa cum laude in economics from Princeton University in 1991 after completing an 80-page long senior thesis titled "Congressional Oversight of the Federal Reserve: Empirical and Theoretical Perspectives.

His doctoral thesis was titled "Dynamic analysis of regime shifts under uncertainty: Applications to hyperinflation and privatization".

And part of that is to highlight things that are true and that people may not want to hear, including that we need to address health-care costs.

[24] In 2011, he was described by New York Magazine as a "deficit hawk and clashed with Larry Summers, who wasn’t as focused on the long-term debt crisis.

[citation needed] He was also a Distinguished Visiting Fellow at the Council on Foreign Relations and a contributing columnist for the New York Times op-ed page.

Still, the deficit would be equivalent to 10 percent of the gross domestic product, the highest level since World War II.

[26] A review of Orszag's daily schedules showed focus on healthcare reform as soon as he joined Obama's Cabinet.

The daily schedules for Orszag, who left his position as OMB director in July 2010, reveal that he and key White House aides regularly met to discuss healthcare starting in January 2009, within days of Obama entering office.

When Orszag resigned, the Progressive Policy Institute summed up his time in office: "For an administration numbers-cruncher, he was unusually visible, which was a good thing.

There will no doubt be efforts on the right to brush Orszag with the red ink that the administration finds itself swimming in, but that's politics as usual.

Inheriting the worst economy since the 1930s, Orszag presided over the Herculean task of preventing a complete meltdown and setting the foundation for a recovery.

While both are liberal Democrats, Rubin was the consummate insider, whose philosophy was that the free markets, balanced budgets, and limited regulation would create a rising tide that would lift all boats (or at least make Wall Street not complain too much about Clinton's social programs).

Orszag certainly had a lot in common with Stiglitz's academic mien, having grown up in an intensely intellectual family in Lexington, Massachusetts, outside Boston.

It must have been incredibly seductive seeing this world, watching the Rubin wing of the Democratic Party move so easily from government to Wall Street boardrooms to the table with Charlie Rose.

[40] He recruited former PayPal CEO Dan Schulman to the Lazard board[41] in January 2024, when he also oversaw the board appointment of former Ernst & Young chairman Stephen R. Howe Jr.[42] In mid 2024, Bloomberg reported that Orszag was eyeing the acquisition of firms particularly in the fields of private credit,[43] infrastructure, and real estate.