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9:30 a.m. - A White House official just told me that the formal announcement on Elizabeth Warren will NOT happen today.
News broke late Wednesday that President Obama had settled on frontrunner Warren to a new advisory role in setting up the Consumer Financial Protection Bureau a move that would sidestep a potential senate confirmation showdown.
And this morning a few more details from a Democratic official:
"The President is appointing Elizabeth Warren to be an Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau. In this role, Ms. Warren will report directly to the President and to Secretary Geithner and lead the Administration's work in standing up the CFPB, a task that was assigned to the Treasury in the Wall Street Reform Act."