The Lure of the Big Citi

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Peter OrszagWhen Peter Orszag, director of the Office of Management and Budget, stepped down from his cabinet post last July, observers were surprised by the speed with which members of Obama’s economic team were abandoning their posts. Christina Romer, chair of the Council of Economic Advisers, followed in August, rushing back to Berkeley in time for the fall semester. In September National Economic Council head Larry Summers announced his intention to return to Harvard. Policy types usually ...