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Peter Orszag

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    White House Budget Director Peter Orszag on President Obama's Definition of 'Rich'

    This is a rush transcript from "Your World With Neil Cavuto," February 26, 2009. This copy may not be in its final form and may be updated.NEIL CAVUTO, HOST: So did the president just change his definition of who is rich? It used to be that anyone earning over $250,000 a year fit that category.But, in his first budget, the president says for his promised health care expansion by cutting deductions for those paying taxes at both the 33 percent and the 35 percent rates. Now, this year, the 33 percent rate starts with couples with taxable income of $208,850.White House Budget Director Peter Orszag with me right now.So, Director, maybe you can put this issue to bed. What is it going to be? Where do you start limiting deductions?PETER ORSZAG, DIRECTOR OF OFFICE OF MANAGEMENT AND BUDGET: I think it is pretty clear that proposal would kick in, in 2011.In 2011, that threshold should apply at about $250,000. It is perfectly consistent with what the president campaigned on.CAVUTO: All right. So,...

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    1. Transcript: Peter Orszag and Sen. Judd Gregg on 'FNS'

      The following is a rush transcript of the July 19, 2009, edition of "FOX News Sunday With Chris Wallace." This copy may not be in its final form and may be updated.C...

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    4. New battle brewing over government spending

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    5. WH Budget Director Orszag Steps Down

      FBN’s Jenna Lee explains why Peter Orszag is leaving his position as director of the Office of Management and Budget.

    6. Orszag says he's leaving as White House budget director next month

      WASHINGTON (AP) — White House Budget Director Peter Orszag says he's stepping down next month, positioning him to be the first high-profile member of President Barac...

    7. White House Budget Chief Orszag to Quit

      WASHINGTON -- White House Budget Director Peter Orszag will resign this year, officials confirmed, positioning him to be the first high-profile member of President O...

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