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    Obama Appoints Daley as Chief of Staff

    HO

    It’s official: President Obama announced that he’s picked William Daley as his new chief of staff. Daley "possesses a deep understanding of how jobs are created," Obama said. Daley, former Clinton Commerce secretary and current head of Midwest operations for JP Morgan Chase, is expected be Obama’s ambassador to a business community irked by the administration’s push for health-care reform and government regulation. Indeed, the U.S. Chamber of Commerce praised Daley, calling him “a man of stature and extraordinary experience in government, business, trade negotiations, and global affairs.”

    Read it at CNN