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Obama Chooses Former U.S. Attorney Mary Jo White To Head SEC

Mary Jo White, a former U.S. attorney in New York who prosecuted terrorists responsible for the bombings of the World Trade Center and U.S. embassies in Africa, will be nominated by President Obama to head the Securities and Exchange Commission.

NPR's Scott Horsley gets that word from a senior White House official. Other news outlets are being told the same thing. The president is expected to make the announcement this afternoon. White would succeed Mary Schapiro, who stepped down last month.

White was U.S. attorney for the Southern District of New York for nine years, until January 2002. That year, she joined the New York-based law firm Debevoise & Plimpton. She has been a director of the Nasdaq Stock Exchange.

Obama is also expected to say he will renominate Richard Cordray to lead the newly created Consumer Financial Protection Bureau. Last January, Obama used a "recess appointment" to put Cordray in that job while the Senate was on vacation. Republicans had been trying to block Cordray's appointment.

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