from Lynn Sweet
WASHINGTON--Former Commerce Secretary William Daley will be named on Thursday President Obama's new chief of staff, the Chicago Sun-Times has confirmed, replacing Rahm Emanuel who stepped down to run for Chicago mayor.
Daley, the Chicago-based Midwest chief of JP Morgan Chase will start his new job in a few weeks, a senior administration official said. Interim Chief of Staff Pete Rouse will be elevated to the position of counsel to the president.
Both Daley and Rouse will be at the White House for a 2:30 p.m. est announcement. Daley met with Obama and others on Wednesday.
Rouse had been working on a White House reorganization for months and though he got high grades for stepping in after Emanuel left in October, "Pete didn't want to spend the next two years as chief of staff," the official said.