The AP is reporting that Leon Panetta will follow Robert Gates as Secretary of Defense, while David Petraeus will become the CIA director.
Panetta would be the first Democrat to be Secretary of Defense in a long time. Cohen, Rumsfeld, and Gates were all Republicans.
That said, Panetta has not exactly covered himself in glory as CIA director. Like Gates, he’s probably an improvement over an absolute disaster like Rumsfeld – who was the worst Secretary Of Defense in US history – but that’s a low bar indeed.