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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 01:54 AM
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Source: Bloomberg News

Obama Names OMBs Lew as Chief of Staff

By Mike Dorning - Jan 10, 2012 12:01 AM ET


Daleys resignation a year after taking the job is a not inevitable but logical consequence of Obamas movement since September toward confrontation with Congress, said William Galston, who was a domestic policy adviser to former President Bill Clinton.

Jacob Lew, currently director of the Office of Management and Budget, will succeed Daley once he has completed work on the administrations fiscal 2013 budget proposal, due to be delivered to Congress during the first week of February.

Obama turned to Daley, a former JPMorgan Chase & Co. executive and U.S. commerce secretary, in January 2011 as the president sought to improve relations with U.S. businesses and congressional Republicans following the 2010 midterm elections in which Democrats lost their House majority and saw their margin in the Senate shrink.

He was a central player in Obamas failed attempt to reach a long-term budget deal with Republicans last July. The presidents job approval ratings plunged after the August standoff on the debt ceiling that brought the nation to the brink of default. Congressional Democrats criticized Daley for concessions such as Medicare cuts the White House offered in its attempts to achieve a grand bargain.

Read more:

Lawrence O'Donnell commented this was a news dump, given that media is wrapped up in the NH primary. Not sure that's true.

Jacob Lew's wiki
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