White House Budget Director Peter Orszag says he’s stepping down next month, positioning him to be the first high-profile member of President Barack Obama’s team to depart the administration.

Orszag confirmed his planned resignation in a brief interview with The Associated Press on Tuesday. He said he views passage of last year’s economic recovery act as his most significant accomplishment.

White House Press Secretary Robert Gibbs said Tuesday that “a number of very talented candidates” were being considered to replace Orszag.

WFED’s Max Cacas has been following the story and brings us analysis from Gary Bass, executive director of OMB Watch.

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