William M. Daley Contender for Chief of Staff

William Daley during a press conference in Nashville, Tenn., in this Nov. 8, 2000, file photo.
William M. Daley, a former Commerce Secretary under President Clinton and a current JPMorgan Chase & Co. executive, is a serious contender to be the next White House chief of staff.

He met with President Obama in December and spoke with him on the phone at least once more last month.

Mr. Obama has considered several candidates in total. The only other leading candidate is interim chief of staff Pete Rouse who doesn't really want the job.

Why Daley? A Democrat briefed by the White House Monday night says that Mr. Obama figures that because adding jobs to the economy is his top priority, he needs someone with close ties to the American business community and recognizes that no one advising him now really commands the respect that Daley would.

Mr. Obama picked Rahm Emanuel in part because of Emanuel's congressional know-how. Because Republicans in Congress won't help the president much, Mr. Obama doesn't need a chief of staff who can finesse that branch of government.


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App