President Barack Obama announced today that his Chief of Staff Jack Lew is his pick to replace Timothy Geithner as Treasury secretary. I have low expectations, since Lew has been a "central player in two failed attempts at a grand bargain on deficit reduction with House Republicans." The "grand bargain" would have paired token tax hikes on the wealthy with significant benefit cuts for middle-class and low-income Americans. Republican Senator Jeff Sessions of Alabama did not rule out filibustering Lew's nomination.
I was surprised to hear that Hilda Solis is leaving as Labor secretary. She was one of Obama's better cabinet picks, but White House officials have undermined her on several issues, notably efforts to regulate child labor at agricultural facilities. Brad Plumer posted a good summary of Solis' record.
According to the White House, the following cabinet members will stay on for now: Attorney General Eric Holder, Health and Human Services Secretary Kathleen Sebelius, and Veterans Affairs Secretary Eric Shinseki. I'm concerned that Transportation Secretary Ray LaHood was not on that list.
UPDATE: I did not realize that the Commerce secretary position has been vacant for almost six months.