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Detailed text transcripts for TV channel - CNN - 20110106:22:07:00

stunt by the new gop leadership. over at the white house today, president obama officially broke the news he tapped former commerce secretary bill daley to become his next chief of staff. daley has a unique res as an investment banking executive, now a former member of the clinton cabinet and as part of chicago s famous political dynasty. few americans can boast the breadth of experience that bill brings to this job. he served as a member of president clinton s cabinet as commerce secretary, he took on several other important duties over the years on behalf of our country. he has led major corporations. he possesses a deep understanding of how jobs are created and how to grow our economy and needless to say, bill also has a smidgen of awareness of how our system of government and politics works. you might say it is a genetic trait.

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