Analysts praise choice of Orszag and Nabors

Following President-elect Barack Obama's announcement today of two more members of his economic team, analysts and congressional leaders from both sides of the aisle are calling the selections "excellent."

The Washington Post calls Peter Orszag, Director-designate of the White House Office of Management and Budget (OMB), "widely respected for his work on how Americans receive medical care... Orszag has carved out a niche as a leading international thinker on health policy."

Rep. Paul Ryan (R-WI) applauded the choice of Orszag. "He has proven his mettle as one of our nation's leading expers on the federal budget," Ryan was quoted as saying in MSNBC's First Read. "He and I have enjoyed a strong, productive working relationship, and I have been particularly impressed with his understanding of the looming entitlement crisis, and the critical need for action."

Orszag is "an excellent choice," Sen. Judd Gregg (R-NH), ranking Republican on the senate Budget Committee, said in a statement.

Rob Nabors, staff director of the House Appropriations Committee, will be Deputy Directorof OMB. Rep. David Obey (D-WI), who currently chairs the committee, praised Nabors as someone whose "demeanor is very nice and very cool.

"He understands the House, he understands the committee, he understands the town, he understands the bureaucracy," Obey said. "And he doesn’t take any crap from anybody."

Watch the full video of this afternoon's press conference, including questions and answers, below: