William Daley to Be Tapped for Chief of Staff Post, Sources Say

William Daley, a banking executive and former commerce secretary under President Bill Clinton, will replace Rahm Emmanuel as President Barack Obama’s chief of staff, sources said Thursday.

Daley hails from Chicago, where his brother, Richard M. Daley, is the mayor. Emmanuel resigned to run for that post.

CNN reported Thursday that two White House officials speaking on condition of anonymity announced that Obama has chosen Daley to replace interim chief of staff Pete Rouse. Rouse said he did not want to remain in the position and recommended Daley as his successor.

Obama is expected to make the news official later Thursday, AP said.

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