Obama Considers J.P. Morgan's Daley as Senior Aide

WASHINGTON - U.S. President Barack Obama is considering tapping J.P. Morgan Chase executive William Daley for a senior role within the White House, possibly chief of staff, a person familiar with the matter said Monday.

Daley is also a former commerce secretary. If he is chosen, the move would help satisfy a clamor within the business community to have greater representation in the administration.

The source, who spoke on condition of anonymity, cautioned that no decision had been made. Obama, who is on vacation in Hawaii, has been considering an array of staffing decisions during his break.

He returns on Tuesday and one of the biggest decisions confronting him is a replacement for top White House economic adviser Larry Summers. Democratic sources say senior Treasury official Gene Sperling has emerged as the leading candidate for that job.

Longtime Obama aide Pete Rouse is currently serving as interim chief of staff. He replaced Rahm Emanuel, who left the administration in October to pursue a race for mayor of Chicago.