After only one year in the job, Bill Daley, President Obama’s chief of staff, is stepping down. Current budget director Jacob Lew will assume this post. Daley, a former JPMorgan Chase & Co. executive and U.S. Commerce secretary, had publicly announced his frustration with Beltway politics and intentions to leave in October of last year. Takeaway Washington correspondent Todd Zwillich joins the program to speak about what challenges Jacob Lew will face in this critical role, especially during Obama’s re-election campaign.
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