Rahm Emanuel is Obama's Chief of Staff

National Journal:

Barack Obama is losing no time in assembling his new administration, offering up the White House chief of staff position to House Democratic Caucus chairman Rahm Emanuel of Illinois just one day after he secured the title of president-elect. Emanuel, who had apparently been whispering to friends and colleagues that he was interested in the position, accepted this afternoon, according to NBC and Fox News.

Emanuel, who served as an adviser in Bill Clinton's White House and currently ranks as the fourth-highest Democrat in Congress, certainly fits the bill of a Washington insider who knows the ins and outs of the policy-making process. He and Obama share a close personal friendship and their Chicago roots.