William Daley May Be Contender for Chief of Staff Post, Sources Say

January 4, 2011

(ChattahBox U.S. News)—In his quest to repair relations with the business community, President Obama is said to be mulling JPMorgan Chase & Co. executive William Daley in the role of a high-level administration post, potentially as his new chief of staff, sources tell Bloomberg.com.

Daley, who previously served as Commerce Secretary under President Clinton, has vast banking experience, including his current role as Midwest chairman at JPMorgan. He has long been an advisor to Obama’s previous Chief of Staff, Rahm Emanuel, who left the administration for a bid to replace Daley’s brother Richard as mayor of Chicago, Bloomberg reports.

Obama is also seeking a replacement for Lawrence Summers as head of the National Economic Council, and is said to be considering Gene Sperling, who held the position under President Clinton for four years. The president plans to remain focused on the economy, with recent analysis showing that it is recovering, Bloomberg notes.


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