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IPFS News Link • Obama Administration

Obama names JPMorgan's Daley as top aide

• Reuters

President Barack Obama on Thursday named JPMorgan Chase executive William Daley as his chief of staff, bringing a politically seasoned businessman into the White House to help trigger job growth as he grapples with resurgent Republicans.

Obama said he hoped Daley would help energize the economy. Reducing America's 9.8 percent jobless rate is Obama's biggest challenge ahead of his 2012 re-election bid.