1. William Michael Daley was born on Aug. 9, 1948, in Chicago, the youngest of Richard J. and Eleanor Guilfoyle Daley's seven children. His father served as Chicago mayor for 21 years. Daley's brother, Richard M., has been mayor of Chicago since 1989; he announced his retirement last year.
2. After briefly attending Providence College in Rhode Island, Daley graduated from Loyola University of Chicago in 1970 with a degree in political science.
3. Daley married Loretta Aukstik in 1970; the couple had four children.
4. Daley graduated from John Marshall Law School in Chicago in 1975.
5. After working for his family's law firm and running his brother's first and unsuccessful 1983 mayoral campaign, Daley served as a top aide for former Vice President Walter Mondale's unsuccessful 1984 presidential bid.
6. Daley then became partner at the Chicago law firm of Mayer, Brown & Platt and in 1989 was named vice chairman of the Amalgamated Bank of Chicago. In 1990, he became the bank's president and chief operating officer.
7. In 1993, President Bill Clinton asked Daley to lead the task force on the North American Free Trade Agreement. Daley was the chief architect of NAFTA, which Clinton signed into law that year.
8. Daley served as secretary of commerce from 1997 to 2000 under President Clinton.
9. Daley was the chairman of Vice President Al Gore's 2000 presidential election campaign.
10. Daley joined JPMorgan Chase in 2004 where, until his White House appointment, he served as Midwest chairman, a senior executive position.