Jack Lew To Take Over As Chief Of Staff

Office of Management and Budget Director Jack Lew will be taking the reigns as White House chief of staff. He'll be replacing William Daley who is stepping down at the end of the month. President Obama called Lew the clear choice for one of the most difficult jobs in Washington. Lew has been the head of OMB since November 2010. He also served as budget director during the Clinton Administration. Lew would stay at OMB to finalize the 2013 budget before moving on. No word yet on a successor.