President Joe Biden is expected to soon announce Jeff Zients as his next White House Chief of Staff, replacing Ron Klain who is expected to soon leave the White House.
According to sources familiar with the decision, Biden is tapping Zients, a former COVID czar and one of his top aides, to fill the role. Zients is a seasoned business executive and has served in the Obama administration.
The news of Klain’s departure comes after the White House saw a tumultuous year, with the COVID-19 pandemic and the ensuing economic crisis. Klain was seen as a steady hand in the White House, helping manage the pandemic response and the transition from the Trump administration.
Zients, who has been a key adviser to Biden since the start of his campaign, is expected to bring a business-oriented mindset to the role.
The news of Biden’s decision has been widely reported by outlets such as The New York Times, Fox News, CNN, The Associated Press – en Español and Yahoo News.
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Jersey City, New Jersey—In the closing quarters of 2025, Lord Abbett High Yield Fund navigated a challenging investment landscape, marked by evolving interest rates and shifting economic indicators. Analysts noted that despite initial obstacles, investors were encouraged by the fund’s strategic allocation and management decisions, which positioned it favorably amidst market uncertainty. The fund’s performance during the fourth quarter reflected a cautious but calculated approach to high-yield debt. With inflationary pressures beginning to stabilize, the fund’s managers focused on identifying opportunities in sectors that showed ... Read more