Two administration officials tell The Associated Press that William Daley will be the next White House chief of staff.
President Obama has chosen Daley, a former commerce secretary, to replace interim chief of staff Pete Rouse.
Rouse, who did not want to stay in the job and recommended Daley for it, will remain at the White House in a senior position as counselor to Obama.
The officials spoke on condition of anonymity because Obama has not yet made the announcement. Obama is expected to do so later Thursday.
The chief of staff is considered one of the most important and influential jobs in American government.
Daley comes from a dynastic Chicago family of politics. He is now a banking executive for JPMorgan Chase.
This program aired on January 6, 2011. The audio for this program is not available.