Budget Director Orszag Stepping Down

White House Budget Director Peter Orszag is planning to leave the administration, Democratic officials say. Orszag will be most senior official to leave the Obama team and his departure could come as soon as next month, insiders tell the Wall Street Journal. Orszag, a former director of the Congressional Budget Office, was key to steering the economic stimulus package through Congress and shaping the health care reform package.

Orszag will be marrying ABC News business reporter Bianna Golodryga this fall and "restarting his life," a source close to the budget director says. The White House is already vetting possible successors to Orszag, including Clinton administration economist Laura Tyson, who is professor and former dean at the University of California's Haas School of Business.
(More Peter Orszag stories.)