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At 40, Peter Orszag is the youngest member of the Obama Cabinet and one of People magazine's "hottest." These days he's also front and center of the president's key policy initiatives.

Orszag, director of the Office of Budget and Management, will present the White House's first budget blueprint on Thursday. It will include spending cuts and the expiration of the Bush tax cuts, beginning the effort to halve the nation's deficit by the end of President Obama's first term.

In an interview in his White House office, Orszag told CNN, "We are not going to play the games that have been played in the past ... pretending that there will never be another hurricane, natural disaster... or assuming that a war can be ended instantaneously and there is no need to budget out your costs." Read full article »

All About Peter OrszagBarack ObamaU.S. Office of Management and Budget

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