
William M. Daley will become the next White House chief of staff, bringing an outsider's voice and decades of experiencewith business to the West Wing, officials said Thursday.Currently a senior executive of the investment bank JPMorganChase, Mr. Daley was commerce secretary in the Clintonadministration, and is currently a senior executive atJPMorgan Chase President Obama will make the announcement at 2:30 Thursdayafternoon. Pete Rouse, the interim chief of staff and alongtime friend of the president's, will become a counselorto Mr. Obama, officials said./N Y Times
The White House Chief of Staff is the highest ranking member of the Executive Office of the President of the United States and a senior aide to the President. The office-holder has been dubbed "The Second-Most Powerful Person in Washington" due to the nature of the job/Wikipedia
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