Obama Considering Naming William Daley to Top White House Job

President Barack Obama is considering naming former Commerce Secretary William Daley to a top White House post, perhaps chief of staff, The Associated Press reported.

Daley, 62, is a JPMorgan Chase (JPM) executive and brother of Chicago Mayor Richard Daley. His appointment could help the Obama administration deflect charges that it is hostile to the business community.

The appointment would be part of a broad restructuring of the White House staff. Former chief of staff Rahm Emanuel resigned last year in order to run for Chicago mayor, while advisor David Axelrod will quit this month. Axelrod is expected to play a central role in Obama's reelection campaign.

Peter Rouse, who has served as chief of staff since Emanuel quit, has been leading a staff review for the White House, the AP said. Obama has been considering the review and changes are expected to unfold in the coming weeks.

Daley would be a high-profile appointment with a long track record in state and national politics. He served as a special counsel to President Bill Clinton, helping to coordinate the campaign to pass the North American Free Trade Agreement. He later served as Clinton's commerce secretary, and ran Al Gore's 2000 presidential campaign.

After Gore lost the 2000 election, Daley entered the private sector. He currently works as Midwest chairman of JPMorgan Chase. Rumors have circulated that he planned to run for elected office, but he never took the plunge.

The Daley family backed Obama's presidential campaign despite strong ties with Bill and Hillary Rodham Clinton.


Increase your money and finance knowledge from home

Reading a Stock Quote

Learn to read the ingredients of a stock.

View Course »

Bonds for Beginners

Learn about fixed income investments.

View Course »

Add a Comment

*0 / 3000 Character Maximum

6 Comments

Filter by:
Floyd Pitts

I like Charlie Rangle! Maybe it's because we both served in Korea at about the same time with honor - he later continued his education, receiving a law degree! I am often amazed at how some people fall victim to their huge success(es) and begin to believe they are untouchable! Charlie, you still have opportunities to make amends and take your rightful place in society and history; I still like you but am very, very disappointed in your offenses!

January 05 2011 at 3:18 PM Report abuse rate up rate down Reply
ashley.

this has nothing to do with this but me and my friend made a project and have to get 200 views so will you pleaseeeeeeeee watch this and help us out!!?! http://www.youtube.com/watch?v=dDJ5SANrmW0

January 04 2011 at 7:51 PM Report abuse rate up rate down Reply
tcrcatlin

Just what we need another Bankster on staff, and to top that off he's from Chicago.GO FIGURE!!

January 04 2011 at 4:14 PM Report abuse rate up rate down Reply
phasejump

The righties wanted a business person and this is a business person

January 04 2011 at 10:50 AM Report abuse rate up rate down Reply
ajallenky

This is the same Daly whose father ( Mayor Richard J. Daly ) " fixed " the State Accounting exams for him to pass and then diverted $10 million worth of comissions for competetive bids to this Daly's law firm WITHOUT any competetive bidding !! When exposed by Mike Royko of the Sun Times the big bosses reply was, " If a man can't help his son now-adays what is this world coming too !" This guy has been on the Chicago payroll since he was in diapers - I long for the good old days in Chi town when the Big Boss Daly had the gonads to spit in the face of common sense and plow on regardless of the bad publicity - now that waa a true " BOSS " !!!!!!

January 04 2011 at 9:32 AM Report abuse +3 rate up rate down Reply
jimlatpdeleted

Charle Rangel should have gone to jail

January 04 2011 at 9:32 AM Report abuse +4 rate up rate down Reply