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January 24, 2013

Obama will nominate prosecutor to be SEC chairman

President Obama will nominate former federal prosecutor Mary Jo White to be chairwoman of the Securities and Exchange Commission at an event Thursday, White House spokesman Jay Carney said.

Obama also will renominate Richard Cordray for a full term as director of the Consumer Financial Protection Bureau at a 2:30 p.m. event in the State Dining Room.

The nominations are part of Obama’s hope in his second term of better regulating Wall Street.

White, a lawyer at Debevoise & Plimpton in New York, served as the U.S. attorney for the Southern District of New York. 

Republicans previously refused to confirm Cordray, former Ohio attorney general of Ohio, but the president installed him anyway during a congressional recess in 2011. "There are no objections to him on substance," Carney said.


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"Planet Washington" covers politics and government. It is written by journalists in McClatchy's Washington Bureau.

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