Peter Orszag, Director of the Office of Budget Management, is the first Obama Administration official to offer this resignation.
This announcement came from White House Press Secretary Robert Gibbs.
"Gibbs on Tuesday confirmed Orszag's planned resignation after a grueling stint as director of the Office of Management and Budget, a Cabinet-level rank that gave him a pivotal role in shaping and defending how the administration spends the public's money." according to the San Jose Mercury News.
The Financial Times said, "Mr Orszag, whom some liberals also criticised when he imposed a freeze on domestic discretionary spending in the 2011 budget, will spend a few months working in a Washington think tank before deciding on his next career move, according to White House officials."
The Director of OMB is a very difficult job, especially in times like today. The next OMB will obviously need to know the condition of the budget.
Solomon spoke of the importance of knowing one's financial situation in Proverbs 27:23-24 when he spoke of knowing the condition of one's flock. Take some time to read it.
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