President Barack Obama announces in the State Dining Room of the White House in Washington, Thursday, Jan. 24, 2013, that he will nominate Mary Joe White, right, to lead the Security and Exchange Commission (SEC), and re-nominate Richard Cordray, left, to lead the Consumer Financial Protection Bureau, a role that he has held for the last year under a recess appointment. (AP Photo/Carolyn Kaster)
Saturday, January 26, 2013 6:03 am
Obama praises nominees for SEC, consumer panel
The Associated Press
In his weekly radio and Internet address, Obama praises his nominee to lead the Securities and Exchange Commission, Mary Jo White, and his pick for the Consumer Financial Protection Bureau, Richard Cordray.
Obama says White, a former federal prosecutor, will help reform Wall Street. He says Cordray will be a champion for American consumers and is imploring the Senate to confirm him.
Obama installed Cordray last year through a recess appointment after Senate Republicans opposed his nomination.
In the Republican address, South Dakota Sen. John Thune says the Senate must pass a budget that addresses out-of-control spending to stave off another credit-rating downgrade.
Obama address: www.whitehouse.gov
GOP address: www.youtube.com/gopweeklyaddress