Rumors!

Michael Iskoff at Newsweek is reporting that Obama has asked Washington lawyer and Clinton-era Deputy Attorney General Eric Holder to be his AG, and the real debate is over who will be his deputy:

One top candidate, favored by Obama chief of staff Rahm Emanuel and other former Clinton White House officials, is Elena Kagan, dean of the Harvard Law School and a former lawyer in the White House counsel’s office under Clinton. Another top candidate, favored by other Obama advisors, is David Ogden, a former chief of staff to Attorney General Janet Reno, who is currently heading Obama’s Justice Department transition team. Kagan brings legal policy credentials; Ogden has more experience in the Justice Department trenches.

And always-saavy Alexis Simendinger is reporting at Lost In Translation that Peter Orszag will head up the Office of Management and Budget. Thoughts? Send 'em or post in comments.