Democratic leaders on Capitol Hill named Douglas Elmendorf, a former Clinton administration economist, to head the Congressional Budget Office. He will replace Peter Orszag, who resigned in November to head President-elect Barack Obamas White House budget office. Elmendorf has held posts on the Federal Reserve Board, U.S. Treasury Department, Council of Economic Advisers and the CBO. Currently he is the director of the Hamilton Project, part of the Brookings Institution, which has tackled such domestic issues as healthcare and economic security. The position is appointed by House and Senate leaders, who by custom alternate in taking the lead in the selection process. The Elmendorf appointment came from House Speaker Nancy Pelosi (D-Calif.). The CBO is expected to play a critical role in the healthcare reform debate this year. Last month, the office released two reports showing a broad array of reform proposals and what effect they would`d have on spending (Dec. 22/29, 2008, p. 6).
Elmendorf is named head of Congressional Budget Office
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