In this Jan. 14, 2013 file photo, President Barack Obama gestures speaks during his final news conference of his first term in the East Room of the White House in Washington. President Barack Obama's fledgling second term agenda so far reads like a progressive wish list. In less than a week, he's vowed to tackle climate change, expand gay rights and protect government entitlements. His administration lifted a ban on women in combat and expanded opportunities for disabled students. Proposals for stricter gun laws have already been unveiled and plans for comprehensive immigration reform, including a pathway to citizenship for millions of illegal immigrants, are coming soon. (AP Photo/Carolyn Kaster)
WASHINGTON (AP) — President Barack Obama says his picks for two top posts will crack down on those whose irresponsible behavior threatens the U.S. economy and the middle class.
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.
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