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Entries in Bill Daley (9)

Friday
Aug032012

Former WH Chief of Staff Briefed on Solyndra Concerns, Emails Show

ABC News(WASHINGTON) -- Buried in the treasure trove of White House emails related to Solyndra released Thursday by the House Energy and Commerce Committee is one suggesting that concerns about Solyndra’s viability were shared all the way up to then-White House Chief of Staff Bill Daley a full six months before the company went bust.

It's been known for a while that career analysts at the Office of Management and Budget (OMB) had told the Department of Energy (DOE) that they had concerns about Solyndra.  The emails show that OMB analyst Kelly Colyar urged the company be shut down and its assets sold off in January 2011.  Liquidating Solyndra then, she estimated, would limit taxpayer losses to $141 million.  

The Department of Energy’s plan to save the company by restructuring the loan, she warned in a January 2011 email, could mean losses “significantly HIGHER” for taxpayers.

The Department of Energy rejected those warnings, leaving taxpayers on the hook for nearly the full $535 million loan when Solyndra declared bankruptcy last September.

As Solyndra began sinking for good last August, Colyar sent an email summarizing the events leading to a near total taxpayers' loss of the $535 million loan.

“You may recall that DOE announced in March that they had restructured the Solyndra loan,” Colyar wrote.  “Prior to this restructuring, OMB staff expressed reservations about the prospects of the company and DOE’s proposal.”

And here’s the key line: “The issue was discussed with the NEC (National Economic Council) and the Chief of Staff.”

In the end, of course, the loan restructuring went through anyway and, Colyar wrote, “Unfortunately, the scenario which OMB staff had feared has materialized.”

That “unfortunate situation”, of course, was a bankruptcy that left taxpayers unable to recoup almost all of the $535 million loan blown by Solyndra.

There’s no word from the White House on any of this.

Copyright 2012 ABC News Radio

Monday
Jan092012

Bill Daley Resigns as Obama's Chief of Staff

ABC/Martin H. Simon(WASHINGTON) -- Bill Daley has resigned as President Obama’s chief of staff. He will be replaced by Office of Management and Budget director Jack Lew.

ABC News confirmed the shakeup early Monday afternoon, ahead of a formal announcement from President Obama later in the day.

[ CLICK HERE TO READ DALEY'S LETTER OF RESIGNATION ]

Daley, the son and brother of Chicago mayors, will take on a new role as a co-chair of the president’s re-election campaign.

Daley was brought in to replace Rahm Emanuel, but in November his role was “changed,” with more power given to senior adviser Pete Rouse.  At the time White House officials insisted the move was in no way a demotion.

A former vice chairman at JPMorgan Chase, Daley was heralded as having skills that could help President Obama, namely ties to the business community, and an ability to work with Republicans as seen during his days as President Bill Clinton’s Secretary of Commerce.

Copyright 2012 ABC News Radio

Tuesday
Nov082011

Role of White House Chief of Staff Bill Daley Changing

ABC/Martin H. Simon(WASHINGTON) -- Coming off a difficult summer for President Obama and heading into what is shaping up to be a difficult re-election season, White House Chief of Staff Bill Daley’s role at the White House is changing, sources told ABC News, with senior advisor Pete Rouse assuming an expanded operational and coordination role with White House staff akin to that of a chief operating officer.

White House officials denied that this was in any way a demotion for Daley, insisting that several weeks ago Daley had asked Rouse, a top aide to the president since his election to the Senate in 2004, to expand his role by helping the West Wing run more smoothly, making it more effective and efficient.

Daley made the announcement at a White House staff meeting on Monday.

“As a lot of you know, I’ve asked Pete to take on a greater operational role,” Daley said, according to one attendee, who said Daley described Rouse’s role as that of a “chief operational officer.”

Rouse had been assuming this expanded role for several weeks, and Daley decided to make it official on Monday, a source said.  This does not mean that Rouse will assume responsibility for running day to day operations at the White House, the source said, insisting that Daley would continue to run the 7:30 a.m. meeting for top senior staff, the 8:15 a.m. expanded senior staff meeting and all meetings when President Obama meets with his senior advisors.

Rouse will oversee internal communications and operations, the source said.

President Obama felt that White House operations needed to improve, so Daley set out to try to do that, the source said.  So many quickly-developing issues required someone to better monitor how the White House handles each one, making sure that responsibilities are delegated and every division within the White House -- the national security staff, communications, the economic team -- is keeping all the others informed.

The value in having Rouse assume responsibility for this, sources said, is that Rouse is regarded as a master of operations -- smart, effective and low key.

Copyright 2011 ABC News Radio

Thursday
Sep012011

WH Chief of Staff Told Boehner of Speech Request Weds. Morning

SAUL LOEB/AFP/Getty Images(WASHINGTON) -- White House Chief of Staff Bill Daley telephoned House Speaker John Boehner directly late Wednesday morning, sketching out President Obama’s plans to make his jobs proposal in an address to a joint session of Congress on Wednesday.

The House speaker did not object but, Republicans say, he had to look at logistics and did not expect White House Communications Director Dan Pfeiffer to tweet the details an hour later.

The Boehner offer "on behalf of the bipartisan leadership and membership of both the House and Senate" to speak "at a time that works best for your schedule" was made public four hours after that.

The NFL season opener kicks off at 8:35 p.m. ET Thursday. By then, the president’s address may be over, and only the GOP response and pundits will lose out.

Copyright 2011 ABC News Radio

Sunday
Jul102011

Bill Daley: President Obama Still Wants a 'Big Deal' on Deficit Reduction

LUKE FRAZZA/AFP/Getty Images(WASHINGTON, D.C.) -- White House chief of staff Bill Daley maintains that President Obama will attempt to reach a "big deal" with Republicans in budget negotiations continuing at the White House today, despite Saturday's statement from Speaker John Boehner saying a smaller agreement is the best course.

"It's rather unfortunate that the speaker has made the comments he has," Daley told "This Week" anchor Chistiane Amanpour in an exclusive interview. "The president is still very committed to solving this deficit problem for the future of America. He's looking forward to the meeting today to lay out once again his case."

Speaker Boehner said in a statement released Saturday night that a larger agreement could not be reached because of differences over tax revenues, and that he would seek a smaller deal on deficit reduction as part of bipartisan negotiations on raising the debt limit.

"I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase," Boehner said in the statement.

But Daley maintains that President Obama is still committed to larger agreement closer to $4 trillion in budget reductions, and that "this is the time to do it."

Daley does believe that an agreement will be reached before an early August deadline when the U.S. would begin defaulting on its debt obligations.

"By the 2nd of August there is no question in my mind that the leaders of America will not allow the first default in the history of the country to occur," Daley said. "I'm confident of that."

Copyright 2011 ABC News Radio

Thursday
Jan062011

President Obama Picks Bill Daley as His New Chief of Staff

Photo Courtesy - LUKE FRAZZA/AFP/Getty Images(WASHINGTON) -- President Obama introduced his new chief of staff Thursday afternoon: Bill Daley, who served as commerce secretary under Bill Clinton.

The interim chief of staff, Pete Rouse, will serve as “counselor to the president,” a promotion from his former role.

The seventh and youngest child of the late Chicago Mayor Richard J. Daley, Daley may be best known by the public for not conceding on election night as the campaign chair for Al Gore’s 2000 presidential campaign.

But there’s obviously much more that Daley represents. Daley, until now an executive at J.P. Morgan Chase & Co, brings business ties to the job, ones critics say have been sorely lacking in this White House.

It’s also likely not a coincidence that Daley becomes chief of staff as a new Republican majority has assumed control of the House.

In a December 2009 op-ed for the Washington Post, Daley wrote top Democrats need to “acknowledge that the agenda of the party's most liberal supporters has not won the support of a majority of Americans -- and, based on that recognition, to steer a more moderate course on the key issues of the day, from health care to the economy to the environment to Afghanistan.”

“The leaders of the Democratic Party need to move back toward the center -- and in doing so, set the stage for the many years' worth of leadership necessary to produce the sort of pragmatic change the American people actually want,” Daley wrote.

This pick is not being met with applause from liberal groups.

"This was a real mistake by the White House. Bill Daley consistently urges the Democratic Party to pursue a corporate agenda that alienates both Independent and Democratic voters,” said Adam Green, co-founder, Progressive Change Campaign Committee at BoldProgressives.org, which has 675,000 members. “If President Obama listens to that kind of political advice from Bill Daley, Democrats will suffer a disastrous 2012."

Copyright 2011 ABC News Radio

Wednesday
Jan052011

Bill Daley Is in the (White) House

Photo Courtesy - Getty Images(WASHINGTON) -- Bill Daley, the former Clinton Commerce Secretary and possible Obama White House chief of staff, is at the White House meeting with President Obama and other officials about the possibility of his assuming the reins from interim chief of staff Pete Rouse. No final decision has been made as of yet, but top Democrats expect that Daley will become the new chief of staff, with Rouse returning to his former position as a senior adviser.

This Friday, President Obama is expected to name Treasury Department official Gene Sperling to be his director of the National Economic Council.  Sperling previously served in that role from 1997 to 2001.

President Obama will also name some other economic staffers at the Friday event, including Ron Bloom, who worked on the auto bailouts and restructuring and will now assume a broader portfolio focusing on manufacturing in general.

Copyright 2011 ABC News Radio

Tuesday
Jan042011

White House Staffing: Daley and Sperling Possible Additions

Photo Courtesy - SAUL LOEB/AFP/Getty Images(WASHINGTON) -- President Obama has spoken to Bill Daley, former commerce secretary under Bill Clinton, about becoming White House chief of staff, a senior White House official tells ABC News, though no final decision has been made.

In a separate move, ABC News can confirm that Obama administration official Elizabeth Warren, tasked with setting up the new Consumer Financial Protection Bureau, will this week name Holly Petraeus to a position where she will work to protect military families from predatory lenders. Petraeus is the wife of General David Petraeus, the U.S. commander in Afghanistan.

Two important conversations the president will have upon his return from vacation are with Pete Rouse, the interim chief of staff, and press secretary Robert Gibbs. It seems likely that both will find themselves working for the president in different capacities in the new year.

The first job decision to be announced will probably be Larry Summer's replacement as director of the National Economic Council. White House insiders believe Treasury official Gene Sperling has the edge over investment banker Roger Altman.

Copyright 2011 ABC News Radio

Monday
Jan032011

President Obama Considering Bill Daley as White House Chief of Staff

Photo Courtesy - Getty Images(WASHINGTON) -- Sources tell ABC News that President Obama is considering naming former Secretary of Commerce Bill Daley as his chief of staff.

Daley, an executive with J.P. Morgan Chase & Co., did not return a call for comment, and White House officials would not comment.

Former White House senior adviser Pete Rouse is currently serving as chief of staff, a position he said he did not want to do on a permanent basis. Sources said he and President Obama have yet to have a conversation about what to do going forward.

Daley, the son of legendary Chicago Mayor Richard Daley Sr. and the brother of the current mayor, is known as a hard-charging, no-nonsense executive. His brother Richie’s pending retirement set the stage for President Obama’s first chief of staff, Rahm Emanuel, to leave earlier than had been planned to run for mayor.

Copyright 2011 ABC News Radio







ABC News Radio