Latest on Secretary of State Hillary Clinton

ABC News has learned that serious progress has been made on the notion of a Secretary of State Hillary Clinton.

It is not yet a done deal, but sources say both President-elect Obama and Sen. Clinton are increasingly optimistic that her assignment will happen.

And some Democrats say it could happen as early as in the next week.

One of the sticking points, of course, has been the complex web of international business dealings of former President Bill Clinton. But sources say there has been movement on that front, with some vetting being supervised by Obama attorney Christine Varney with serious involvement by many officials whom the Clintons know and trust, including some Clinton Foundation officials.

- jpt

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