Mary Jo White, the then-US Attorney for the Southern District of New York, reacts 29 May 2001 during a press conference in New York following guilty verdicts of the near-simultaneous 1998 bombings trial of US embassies in Kenya and Tanzania, which killed 224 people, 12 of them US citizens. White headed the prosecution team which found four followers of terrorist Osama Bin Laden guilty on all 302 counts. (Photo: DOUG KANTER/AFP/Getty Images)
By David Jackson, USA TODAY
- President Obama will nominate Mary Jo White to lead the Securities and Exchange Commission.
- White is a former U.S. attorney.
- Richard Cordray is expected to be re-nominated for the Consumer Financial Protection Bureau.
- A press announcement is set for 2:30 p.m.
President Obama plans to nominate former U.S. Attorney Mary Jo White on Thursday to chair the Securities and Exchange Commission, White House officials said.
Obama will also re-nominate Richard Cordray to head the Consumer Financial Protection Bureau, officials said. Obama had made Cordray a recess appointment after Senate Republicans opposed his initial nomination.
Two administration officials spoke on condition of anonymity in deference to Obama's formal announcement later on Thursday.
During the Bill Clinton administration, White served as U.S. attorney for the Southern District of New York. She specialized in white collar, a key reason for her selection as chair of the Securities and Exchange Commission.
During his 2:30 p.m. announcement, Obama plans to stress plans for aggressive enforcement of the new Wall Street regulations he signed into law during his first term