Ron Klain, White House Chief of Staff under President Joe Biden, is expected to step down in the weeks following the State of the Union address. This news was reported by multiple sources, including The New York Times, CNN, The New York Post, and The Washington Post.
Klain, who was appointed by President Biden in January 2021, has been an instrumental part of the Biden administration’s efforts to combat the COVID-19 pandemic. He has also been credited with helping to pass President Biden’s $1.9 trillion stimulus package.
It is unclear who will replace Klain as White House Chief of Staff. Sources close to the White House say that President Biden is considering a number of potential candidates for the role. It is expected that an announcement will be made in the coming weeks.
Klain has yet to comment on his expected departure, but it is expected that he will address the news in his upcoming State of the Union address.
Conestoga Capital Advisors Reveals Surprising Insights in Q1 2025 Small Cap Fund Commentary: What Investors Need to Know!
Westfield, New Jersey — The Conestoga Capital Advisors Small Cap Fund experienced notable performance in the first quarter of 2025. As economic conditions continued to fluctuate, the fund’s strategy of identifying promising smaller companies yielded significant returns, showcasing resilience amid market volatility. The fund, which focuses on small-cap equities, reported a return that outpaced its benchmark during this period. Key sectors contributing to this growth included technology, healthcare, and consumer discretionary, which underpinned the overall positive trend in smaller companies. Investment managers attributed the success ... Read more