Peter Orszag & Steve Forbes

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Peter R. Orszag headshot

Peter R. Orszag

  • Member of President Obama's Cabinet as Director of Office of Management and Budget (2009-2010)
  • Vice Chairmen of Investment banking and Managing Director, Lazard
  • Nonresident Senior Fellow at The Brookings Institution
  • Bloomberg View Columnist

Peter Richard Orszag is an American banker and economist, and a Managing Director and Vice Chairman of Investment Banking at Lazard. He previously served as a Vice Chairman of Corporate & Investment Banking and Chairman of the Financial Strategy & Solutions Group at Citigroup, Inc. He is also a Nonresident Senior Fellow in Economic Studies at the Brookings Institution and a Contributing Columnist at Bloomberg View.  He was previously President Barack Obama's director of the Office of Management and Budget. Orszag was the director of the Congressional Budget Office from 2007 to 2008. He served in two jobs in the Bill Clinton administration, as a senior economist at the Council of Economic Advisers from 1995 to 1996 and, in 1997, as top adviser to the director of the National Economic Council.

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Steve Forbes headshot

Steve Forbes

EXCLUSIVE
  • Chairman and Editor-in-Chief of Forbes Media
  • Expert on the Global Economy, Monetary Policy and Politics
  • Bestselling Author

Steve Forbes is Chairman and Editor-in-Chief of Forbes Media, and an internationally respected authority in the worlds of economics, finance, and corporate leadership. With the economy at the forefront of conversation on a global level, Mr. Forbes offers long-standing insights that capitalism, free markets, and a flat tax are essential to a healthy economy. This is a message Mr. Forbes has been delivering as editor of one of the world’s most successful business magazines for decades, and he continues to be one of the most sought-after speakers on this and other economic issues leading the economic debates around the world.

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Biography

Peter R. Orszag's Biography

Peter R. Orszag is an American banker and economist, and a Managing Director and Vice Chairman of Investment Banking at Lazard. He is also a Nonresident Senior Fellow in Economic Studies at the Brookings Institution and a Contributing Columnist at Bloomberg View. 

Orszag previously served as Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group at Citigroup, Inc.

Prior to joining Citigroup in January 2011, Dr. Orszag served as a Distinguished Visiting Fellow at the Council on Foreign Relations and a Contributing Columnist at the New York Times.   He previously served as the Director of the Office of Management and Budget in the Obama Administration, a Cabinet-level position, from January 2009 until July 2010.  From January 2007 to December 2008, Dr. Orszag was the Director of the Congressional Budget Office (CBO).  Under his leadership, the agency significantly expanded its focus on areas such as health care and climate change.   

Prior to CBO, Dr. Orszag was the Joseph A. Pechman Senior Fellow and Deputy Director of Economic Studies at the Brookings Institution.  While at Brookings, he also served as Director of The Hamilton Project, Director of the Retirement Security Project, and Co-Director of the Tax Policy Center.   During the Clinton Administration, he was a Special Assistant to the President for Economic Policy and before that a staff economist and then Senior Advisor and Senior Economist at the President's Council of Economic Advisers.   Orszag has also founded and subsequently sold an economics consulting firm.

Dr. Orszag graduated summa cum laude in economics from Princeton University and obtained a Ph.D. in economics from the London School of Economics, which he attended as a Marshall Scholar.  He has coauthored or coedited a number of books, including Protecting the Homeland (2006),Aging Gracefully: Ideas to Improve Retirement Security in America (2006), Saving Social Security: A Balanced Approach (2004), and American Economic Policy in the 1990s (2002).  

Dr. Orszag serves on the Board of Directors of the Peterson Institute for International Economics, Mt. Sinai Medical Center, the Robert Wood Johnson Foundation, the Russell Sage Foundation, New Visions for Public Schools, and ideas42.  He is also a member of the National Academy of Medicine, the Trilateral Commission, the Hamilton Project Advisory Council, and the Marshall Scholarship Alumni Advisory Board, and holds an honorary doctorate from Rensselaer Polytechnic Institute.   

Peter Orszag is married to Bianna Golodryga, who is the News and Finance anchor at Yahoo!, where she leads the media company’s coverage of all major financial and news stories along with global anchor Katie Couric.

Steve Forbes's Biography

Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

The company’s flagship publication, Forbes, is the nation’s leading business magazine, with a circulation of more than 900,000. Forbes combined with Forbes Asia, Forbes Europe, and the company’s licensee editions together reach a worldwide audience of more than 5 million readers.

Forbes.com has become one of the world’s most influential websites, with more than 60 million unique visitors a month.

Mr. Forbes writes editorials for Forbes under the heading of “Fact and Comment.” A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.

In both 1996 and 2000, Mr. Forbes campaigned vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits and a strong national defense. Mr. Forbes continues to energetically promote this agenda.

Mr. Forbes’ new book: Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming the Fed will Restore Hope and Prosperity, co-authored by Elizabeth Ames (McGraw-Hill Professional), came out in December.

His other books include Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It, co-authored by Elizabeth Ames (McGraw-Hill Professional); Freedom Manifesto: Why Free Markets are Moral and Big Government Isn’t, co-authored by Elizabeth Ames (Crown Business, August 2012); How Capitalism Will Save Us: Why Free People and Free Markets Are the Best Answer in Today’s Economy, co-authored by Elizabeth Ames (Crown Business, November 2009); and Power Ambition Glory: The Stunning Parallels between Great Leaders of the Ancient World and Today…and the Lessons You Can Learn, co-authored by John Prevas (Crown Business, June 2009). He also wrote: Flat Tax Revolution: Using a Postcard to Abolish the IRS (Regnery, 2005); and A New Birth of Freedom (Regnery, 1999), a book of bold ideas for the new millennium.

In 1985, President Reagan names Mr. Forbes Chairman of the bi-partisan Board for International Broadcasting (BIB). In this position, he oversaw the operations of Radio Free Europe and Radio Liberty. Broadcasting behind the Iron Curtain, Radio Free Europe and Radio Liberty were praised by Poland’s Lech Walesa as being critical to the struggle against communism. Mr. Forbes was reappointed to his post by President George H. W. Bush and served until 1993.

Steve Forbes was born on July 18, 1947, in Morristown, New Jersey. He received a B.A. in history from Princeton in 1970.

Mr. Forbes serves on the boards of The Ronald Reagan Presidential Foundation, the Heritage Foundation and The Foundation for the Defense of Democracies. He is on the Board of Overseers of the Memorial Sloan-Kettering Cancer Center and on the Board of Visitors for the School of Public Policy of Pepperdine University. He previously served on the Board of Trustees of Princeton University for ten years.