AP Source: Obama picks Mary Jo White to lead SEC - 21 News Now, More Local News for Youngstown, Ohio -

AP Source: Obama picks Mary Jo White to lead SEC

JULIE PACE

AP White House Correspondent

WASHINGTON (AP) - A White House official says President Barack Obama on Thursday will nominate Mary Jo White as chair of the Securities and Exchange Commission.

White served for nearly a decade as the U.S. attorney for the Southern District of New York, specializing in prosecuting white collar crimes. White House officials say White's experience in New York will be essential as the administration implements Wall Street reform.

The official also says that Obama on Thursday will renominate Richard Cordray to lead the Consumer Financial Protection Bureau. The president used a recess appointment to circumvent Congress and install Cordray to the post last year. That appointment runs out later this year.

The official spoke on the condition of anonymity in order to speak ahead of Obama's announcement.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More From wfmj.comMore>>

  • Authorities recover man's body after boat sinks

    Authorities recover man's body after boat sinks

    Sunday, August 31 2014 8:23 PM EDT2014-09-01 00:23:38 GMT
    Authorities recovered the body of a 22-year-old man from a western Ohio lake after responding to a call about a sinking boat.More >>
    Authorities recovered the body of a 22-year-old man from a western Ohio lake after responding to a call about a sinking boat.
    More >>
  • Bad weather shuts down concerts, delays flights

    Bad weather shuts down concerts, delays flights

    Sunday, August 31 2014 8:12 PM EDT2014-09-01 00:12:58 GMT
    Severe thunderstorms across the Northeast have slowed operations at airports, wreaked havoc at outdoor sporting and musical events and sent people scurrying from a beach in New York after three men there were struck by lightning.More >>
    Severe thunderstorms across the Northeast have slowed operations at airports, wreaked havoc at outdoor sporting and musical events and sent people scurrying from a beach in New York after three men there were struck by lightning.
    More >>
  • University of Toledo forms water task force

    University of Toledo forms water task force

    Sunday, August 31 2014 1:26 PM EDT2014-08-31 17:26:31 GMT
    A university in northwestern Ohio says it's forming a group to help government leaders deal with the ongoing algae threat on Lake Erie.More >>
    A university in northwestern Ohio says it's forming a group to help government leaders deal with the ongoing algae threat on Lake Erie.
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms