Tuesday, June 22, 2010

peter orszag

peter orszag

Budget chief Peter Orszag can be the first member of President Obama's cabinet to resign, which means it is time for Washington to play its favorite game: Guess the replacement! Meanwhile, House and Senate conferees reached a deal with regulating debit card payments, and for all the talk about how U.S. fiscal policy is too tight, we are the ones begging the rest of the world to unravel up a bitIt's Tuesday, if you know what I mean. Welcome to Wonkbook. Among the potential replacements under consideration are Laura Tyson, a former director of the National Economic Council under President Bill Clinton, and Rob Nabors, who served as OMB deputy director under Orszag before moving to the White House to work under Chief of Staff Rahm Emanuel, said one of the officials." "The agreement largely preserves the Senate's language, telling the Federal Reserve to limit the fees that banks collect from merchants when customers swipe debit cards. That is expected to save merchants billions of dollars, some of which could be passed on to customers in the form of lower prices."

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