Peter Orszag, the White House Budget Director and one of the driving forces behind the passage of the $787 billion economic stimulus package, will step down from his post.

Orszag, a former director of the Congressional Budget Office and deputy director of economic studies at the Brookings Institution, will leave in July as the White House has begun the vetting process for a successor.

Among the names being considered to succeed Orszag are former Clinton White House economist Laura Tyson, a former dean (and now professor) of the University of California, Berkeley's Haas School of Business, and Gene Sperling, a director of President Bill Clinton's National Economic Council and a top aide to Treasury Secretary Timothy Geithner.

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