Bloomberg News: "President Barack Obama is considering naming William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a high-level administration post, possibly White House chief of staff, people familiar with the matter said. Such a move, which is still under discussion, would bring a Washington veteran -- and someone with strong business ties -- into the administration as Obama sets out an agenda for the second half of his term while dealing with a Republican majority in the House of Representatives."
More: "Daley, 62, has deep ties in Obama’s political base. The youngest of seven children of longtime Chicago Mayor Richard J. Daley, he is part of the most powerful political dynasty in Illinois. He was also a political mentor to Rahm Emanuel." Daley was an economic adviser to the Obama 2008 campaign and co-chaired the transition.
"Liberal groups say they are increasingly worried that President Obama will strike a deal with Republicans on Social Security in exchange for a 'yes' vote on increasing the nation's debt ceiling," The Hill writes. (Maybe they should be a little more worried about what House Republicans are trying to do, just sayin'….)