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Washington — The White House is on the verge of announcing that former Commerce Secretary Bill Daley will be chosen to serve as President Obama’s next chief of staff, Politico reported on Thursday.

“This is just about done,” a White House insider told Politico’s Mike Allen. “Staff is being deferential to Pete [Rouse], but he is totally on board with this plan and is looking forward to getting his old office back.”

The Hill reports that the potential chief of staff pick was at the White House recently, furthering speculation that an official arrangement would be announced sometime soon.

Daley visited the White House on Wednesday for a meeting with President Obama, according to an administration official.

Pete Rouse temporarily assumed the chief of staff role when Rahm Emanuel left the administration to launch a campaign for Chicago mayor. Though Rouse signed on as an interim replacement, some believed he would stay on board, despite a number of other candidates on the short list.

Daley, currently the Midwest chairman of JPMorgan Chase and brother of Chicago Mayor Richard Daley, raised some eyebrows this week when prior comments were uncovered suggesting he was an opponent of two landmark Obama administration initiatives — health care reform and consumer protection.

Read more at HuffPo

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