 His 1992 race for US Senate—based on the "up or out" mantra of the Peace Corps—did not bring victory.Following the November 1992 election Moody served as the deputy director of the team preparing President-elect Bill Clinton's first federal budget (labeled "Eat Your Broccoli First").In 1994 he taught healthcare economics at the Medical College of Wisconsin and graduate level economics at the Maryland School of Public Policy.