President-elect Barack Obama yesterday announced his nomination of Chicago Public Schools’ Arne Duncan to serve as his education secretary.

Chicago Mayor Richard Daley tapped Duncan to take over as chief executive officer of Illinois’ largest district and nation’s third-largest district seven years ago after the departure of Paul Vallas. Vallas hired Duncan as his deputy chief of staff in 1998. Duncan previously managed the Ariel Education Initiative, which aids impoverished children.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.