• Budget director Jack Lew to take over as chief of staff

Reuters headlines.

Daley was a total bust. The combination of Chicago no-holds-barred political strategist and Daley’s experience as vice chairman of JP Morgan made him look like an smart choice to aid the anti-business Obama, but it just never worked out…

So they turn to the guy who has presided over $4.5 trln in budget deficits…Not much a bench over there at the White House, huh?