President Barack Obama announces the nominations of Rep. Melvin Watt as Director of the Federal Housing Finance Agency and Tom Wheeler as Chairman of the Federal Communications Commission

President Barack Obama announces the nominations of Rep. Melvin Watt, left, as Director of the Federal Housing Finance Agency (FHFA) and Tom Wheeler, right, as Chairman of the Federal Communications Commission (FCC), in the State Dining Room of the White House, May 1, 2013.