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Breaking news out of the White House in just the last couple of minutes and Fox News has confirmed -- that 62 year old William Daley.
The former commerce secretary under President Bill Clinton and -- brother of the outgoing mayor of Chicago.
Is to be President Obama -- new chief of staff -- much Elway joins us now from the white house with more on this -- -- John that we have indeed confirmed that bill Daley will become the new White House chief of staff were expecting the president to make that announcement at 230 this afternoon six that's the old executive office building.
He is a very familiar face here in Washington as well as in Chicago he's the former commerce secretary.
Under the Clinton administration he is the seventh son of the legend the -- -- youngest son of the legendary Chicago mayor Richard Daley.
As you mentioned also the -- the brother of the president outgoing Chicago mayor.
He is also a man who has extensive banking and business experience and this is a key thing.
He is an officer presently in JPMorgan.
And has had extensive banking experience in his background.
He it does not know the president of the United States all that well we are told them that has been the subject in the meeting behind several recent.
-- off the record meetings the two men have had most recently just yesterday.
As Robert Gibbs announcing his departure -- all apart of course correction there were beginning deceive manifest itself at the White House right now.
Most obvious case of that of course is the departure of Robert Gibbs sometimes after the State of the Union Address this year he announced that just yesterday.
We're also expecting to see economic advisor Larry Summers on his way out.
Paul Volcker on his way out.
David to close in.
Fluid situation right now Rahm Emmanuel leaving the chief of staff position to run for Chicago.
-- -- all this sort of a state of flux right now we're expecting that official announcement.
From the president himself at 230 this afternoon.
John that news conference from the president two and a half hours away now Doug Miguel like Doug thank you very much.
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