The White House

Office of the Press Secretary

Remarks by the President at a Personnel Announcement

East Room

12:13 P.M. EST

THE PRESIDENT:  Good afternoon, everybody, and welcome to the announcement of one of the worst kept secrets in Washington.  (Laughter.)  

As President, I rely on an extraordinary team of men and women here at the White House every single day.  And I rely on my Chief of Staff to keep up with them -- and our entire government -- making sure that we're all moving in the same direction, making sure that my priorities are being carried out and that our policies are consistent with the commitments that I've made to the American people, and that we're delivering progress to the American people.

As I said earlier this month, I could not be more grateful to Jack Lew for his amazing service, first as our OMB Director, then at the State Department, and ultimately as my Chief of Staff. 

As he prepares for his confirmation hearings and the challenge of leading our Treasury Department, I am pleased to announce my next Chief of Staff, and a great friend to me and everybody who works here at the White House -- Mr. Denis McDonough.  (Applause.) 

I have been counting on Denis for nearly a decade -- since I first came to Washington, when he helped set up my Senate office. Along with Pete Rouse, he was able to show me where the restrooms were and -- (laughter) -- how you passed a bill.  I should point out that even then Denis had gray hair.  (Laughter.)  I've been trying to catch up to him.  But at that time, I relied on his intellect and his good judgment, and that has continued ever since.  He’s been one of my closest and most trusted advisors -- on my presidential campaign, on my transition team.

He has been an indispensable member of my national security team as well.  Denis has played a key role in every major national security decision of my presidency -- from ending the war in Iraq to winding down the war in Afghanistan; from our response to natural disasters around the world like Haiti and the tsunami in Japan to the repeal of "don't ask, don't tell," to countless crises in between, day and night -- and that includes many nights.  I’ve actually begun to think that Denis likes pulling all-nighters.  (Laughter.)  The truth is nobody out-works Denis McDonough.

And part of the reason you saw such warmth of applause is that, in addition to being an incredible talent and such a hard worker, Denis is also a pretty humble guy.  To so many of his friends and admirers, he’s still just the “dude” from Stillwater, Minnesota.  (Laughter.)  And given his humility, I don't think people always appreciate the breadth of his experience and the range of his talents.  And it’s precisely because of that intellect, that experience, his dedication, his determination, that I wanted Denis in this job.

As a veteran of Capitol Hill, where he was mentored by the likes of Lee Hamilton and Tom Daschle, Denis understands the importance of reaching across the aisle to deliver results for the American people -- whether it’s on jobs and the economy, health care or education, reducing the deficit or addressing climate change. 

Denis is respected by leaders across our government.  Add it all up, and I think he’s spent most of the past four years leading interagency meetings -- hearing people out, listening to them, forging consensus, and then making sure that our policies are implemented and that everybody is held accountable.  And he always holds himself accountable first and foremost.  And it’s no easy task, but through it all, Denis does it with class and integrity and thoughtfulness for other people's point of views.  He is the consummate public servant.  He plays it straight.  And that’s the kind of teamwork that I want in the White House.

Time and again, I’ve relied on Denis to help in our outreach to the American people as well, including immigrant and minority communities and faith communities.  Denis is a man of deep faith, and he understands that in the end, our policies and our programs are measured in the concrete differences that they make in the lives of our fellow human beings and in the values that we advance as Americans. 

Denis insists on knowing, for himself, the real-world impact of the decisions that we make.  So, away from the cameras, without a lot of fanfare, he’s visited our troops in Iraq and Afghanistan repeatedly, hearing their concerns, finding out what they need and then making sure to follow up.  He travels to Walter Reed, again, without fanfare, to spend time with our wounded warriors, getting to know them and what we as a nation can do to take care of them and their families.  And then he comes back here to the White House and he gets it done.  And that’s the focus but also the kind of heart that I want in this White House.   

Now, don’t get me wrong, Denis can be tough.  It probably comes from being one of 11 children -- you've got to be tough.  (Laughter.)  Two of his sisters are here today, by the way -- Mary and Anna.  And I know they could -- they're just beaming.  (Laughter.)  They could not be more proud of their brother.  Maybe it comes from his college football days as a defensive back under the legendary John Gagliardi.  I always tease Denis that he made up for modest talents with extraordinary dedication and a high threshold for pain.  (Laughter.)  This does remind me of perhaps the one topic on which Denis and I will never agree, and that is Vikings vs. Bears.

There’s another reason we all love Denis so much, and that’s his decency; his respect for those around him.  Ask any of the staff who are here today and they’ll tell you that despite the unbelievable pressures of service at this level, Denis is still the first to think about a colleague, or to write a handwritten note saying thank you, or to ask about your family.  That’s the spirit that I want in this White House. 

And this, of course, is reflected in his incredible love for his own family.  Kari, Addie, Liam, Teddy -- I know that Dad has been at work a lot during the week and on weekends, but -- and I guarantee he’d much rather be with you than with me -- (laughter) -- the next job that he’s going to have is going to be demanding, too, but the one reason he does this is because he wants to make sure that this world is a better place for all of you.  Dad will probably have to stop riding his bike to work.  (Laughter.)  As Chief of Staff I don’t think that’s allowed.  (Laughter.)  But he does what he does because he cares and loves you guys so much and he wants to make sure that the next generation is inheriting the kind of America that we all want.  So I’m grateful to the entire McDonough family for putting up with us.  

Denis, you’re not just one of my closest friends, but you’re also one of my closest advisors, and like everybody here I cannot imagine the White House without you.  Thank you for signing up for this very, very difficult job, as Jack Lew will testify.  (Laughter.)  I know you’ll always give it to me straight, as only a friend can -- telling me not only what I want to hear, but more importantly what I need to hear to make the best possible decisions on behalf of the American people. 

So for me, for Michelle, for all your friends and colleagues who are here today, thank you for taking this assignment.  Congratulations.  (Applause.)

I just have one other thing to add.  We made a number of personnel announcements today.  There is going to be an incredible team that Denis will help lead.  But I thought I’d take the occasion to just embarrass somebody.  Some of you may know that today is David Plouffe’s last day in the White House.  (Laughter.)  I had to hide this in the end of my remarks because I knew he wouldn’t want me to bring it up.  So we had some secret squirrel stuff going on here to -- (laughter) -- avoid him thinking that we were going to talk about him. 

But as many of you know, David has been with me from the very start of this enterprise running for President.  I can’t tell you how lucky I have been to have him manage our campaign back in 2008, then join the White House during these very challenging last two years.  He’s built a well-deserved reputation as being a numbers genius and a pretty tough combatant when it comes to politics.  But what people don’t always realize -- because he doesn’t like to show it -- is the reason he does this stuff is because he cares deeply about people.  And he cares about justice, and he cares about making sure that everybody gets a shot in life.  And those values have motivated him to do incredible things, and were it not for him, we would not have been as effective a White House and I probably wouldn’t be here.

So I thought it was worthwhile for us just to say -- even if he doesn’t want us to say it -- thank you to David Plouffe.  (Applause.)

Thank you, everybody.

END
12:24 P.M. EST

The White House

Office of the Press Secretary

Readout of the President's Meeting with Congressional Hispanic Caucus Leadership

The President and Senior Administration Officials met this morning with leaders of the Congressional Hispanic Caucus to discuss the need to make things fairer for and grow the middle class by fixing our broken immigration system so everyone plays by the same rules. The President thanked the Members for their long standing leadership on the issue, and reiterated that this is a top legislative priority.

The President was pleased to hear from CHC members and noted that they share the same vision, including that any legislation must include a path to earned citizenship. The President further noted that there is no excuse for stalling or delay. The President made it clear he will continue to lead on this issue, and that he looks forward to working with the Congressional Hispanic Caucus and other key Members of Congress in a bipartisan process to move this debate forward at the earliest possible opportunity.

The President will be traveling to Nevada on Tuesday to redouble the Administration's efforts to work with Congress to fix the broken immigration system this year.

The White House

Office of the Press Secretary

President Obama Announces Key White House Posts

WASHINGTON, DC – Today, President Barack Obama announced the following individuals will serve in key White House posts:

• Denis McDonough – White House Chief of Staff
• Rob Nabors – Assistant to the President and Deputy White House Chief of Staff for Policy
• Antony Blinken – Assistant to the President and Deputy National Security Advisor
• Danielle Gray – Assistant to the President and Cabinet Secretary               
• Katy Kale – Assistant to the President for Management and Administration
• Lisa Monaco – Assistant to the President for Homeland Security and Counterterrorism and Deputy National Security Advisor
• Jennifer Palmieri – Assistant to the President and Communications Director
• Dan Pfeiffer – Assistant to the President and Senior Advisor
• Miguel Rodriguez –Assistant to the President and Director of Legislative Affairs
• David Simas – Assistant to the President and Deputy Senior Advisor for Communications and Strategy

President Obama said, “The challenges we face as a country, from rebuilding middle class security to strengthening our national security are complicated, and require thoughtful, comprehensive solutions.  That’s why I am proud to announce a team with the deep expertise necessary to move our country forward.  From growing the economy and shrinking our deficits, to keeping our country safe and addressing the dangers of climate change, these are people who will not rest until we get the job done. Led by Denis, this team is an extraordinary group of talented individuals with whom I will be honored to work.”

The White House

Office of the Press Secretary

Statement from the President on the Departure of Chris Lu

WASHINGTON, DC — The White House today announced the departure of Chris Lu, Assistant to the President and Cabinet Secretary.

President Obama said, “Chris Lu is one of my longest-serving and closest advisors, first crafting my legislative agenda in the Senate, then leading my Presidential transition, and most recently, managing my relations with the Cabinet.  Through his dedication and tireless efforts, Chris has overseen one of the most stable and effective Cabinets in history – a Cabinet that has produced extraordinary accomplishments over the past four years.  For that reason, I have asked Chris to consider other opportunities to serve in my Administration, and after he enjoys some time off, I hope he will consider those opportunities.  I know I speak on behalf of the entire Cabinet in thanking Chris for his friendship and exceptional service to our nation.”

West Wing Week 01/25/13 or: “Behind the Scenes: Inauguration 2013”

This week, Washington D.C. was transformed into an historic stage, with an estimated one million people on hand to witness the President and Vice President take the Oath of Office at the United States Capitol. Through it all, West Wing Week was there, from the terrace of the Capitol to backstage at the balls. America, take a moment to look back at where we've been this week for this special edition of West Wing Week, January 18th to the 24th, or "Behind the Scenes: Inauguration 2013."

Related Topics: Inside the White House

The White House

Office of the Press Secretary

Statement by the President

In my State of the Union last year, I urged Congress to take steps to fix the way they do business.  Specifically, I asked them to address the fact that a simple majority is no longer enough to pass anything – even routine business – through the Senate.  And today, I am pleased that a bipartisan group of Senators has agreed to take action. 

Too often over the past four years, a single Senator or a handful of Senators has been able to unilaterally block or delay bipartisan legislation for the sole purpose of making a political point.  At a time when we face critical decisions on a whole range of issues – from preventing further gun violence, to reforming our broken immigration system, to getting our fiscal house in order and creating good paying jobs – we cannot afford unnecessary obstruction.  And I am hopeful that today’s bipartisan agreement will pave the way for the Senate to take meaningful action in the days and weeks ahead.

I also want to thank leaders in Congress for changing the Senate rules in an effort to resurrect the longstanding tradition of considering consensus district court judicial nominations on a more routine basis.  After being approved by the Senate Judiciary Committee, my judicial nominees have waited more than three times longer to receive confirmation votes than those of my predecessor, even though the overwhelming majority of my nominees have been confirmed with little, if any, dissent.  These months of unnecessary delay have threatened our judiciary.  Today’s reforms are a positive step towards a fairer and more efficient system of considering district court nominees, and I urge the Senate to treat all of my judicial nominees in the same spirit.

The White House

Office of the Press Secretary

Presidential Nominations Sent to the Senate

NOMINATIONS SENT TO THE SENATE:

Nicholas Christopher Geale, of Virginia, to be a Member of the National Mediation Board for a term expiring July 1, 2013, vice Elizabeth Dougherty, resigned.

Byron Todd Jones, of Minnesota, to be Director, Bureau of Alcohol, Tobacco, Firearms, and Explosives. (New Position)

Marietta S. Robinson, of Michigan, to be a Commissioner of the Consumer Product Safety Commission for a term of seven years from October 27, 2010, vice Thomas Hill Moore, term expired.

President Obama: The American People Need Richard Cordray Standing Up for Them

Today, President Obama announced he would nominate Richard Cordray to continue as Director of the Consumer Financial Protection Bureau.

The Consumer Financial Protection Bureau, established by the Wall Street Reform Act President Obama signed into law in 2010, is charged with overseeing the federal financial laws that specifically protect consumers—people who keep their money in banks and credit unions, pay for goods and services with their credit cards, and rely on loans to buy homes or pay for college, among other services.

“Over the last year, Richard has proved to be a champion of American consumers,” President Obama said.  

Thanks to his leadership, we’ve made it tougher for families to be tricked into mortgages they can’t afford. We’ve set clearer rules so that responsible lenders know how to operate fairly. We’ve launched a “Know Before You Owe” campaign to help parents and students make smart decisions about paying for college. We’ve cracked down on credit card companies that charge hidden fees, and forced those companies to make things right. And through it all, Richard has earned a reputation as a straight shooter and somebody who’s willing to bring every voice to the table in order to do what’s right for consumers and our economy.

Have questions about how the Wall Street Reform Act is helping protect consumers? Watch the video below, or check out this handy explainer, Consumer Financial Protection Bureau 101: Why We Need a Consumer Watchdog.

Related Topics: Economy, Financial Reform

President Obama Makes a Personnel Announcement

January 24, 2013 | 7:36 | Public Domain

President Obama nominates Richard Cordray to continue as head of the Consumer Financial Protection Bureau and Mary Jo White as Chair of the Securities and Exchange Commission.

Download mp4 (282MB) | mp3 (19MB)

Read the Transcript

Remarks by the President at a Personnel Announcement

State Dining Room

2:38 P.M. EST
 
THE PRESIDENT:  Good afternoon, everybody.  Over the last four years, I’ve talked about how shared prosperity -- from Wall Street to Main Street -- depends on smart, common-sense regulations that protect the vast majority of Americans from the irresponsible actions of a few. 

That’s why we passed tough reforms to protect consumers and our financial system from the kinds of abuse that nearly brought the economy to its knees.  Today, there are rules to help families -- responsible families buy a home or send their child to college without worrying about being tricked out of their life savings.  There are rules to make sure that financial firms which do the right thing aren’t undermined by those that don't do the right thing.  And there are rules to end taxpayer-funded Wall Street bailouts once and for all.  

But it’s not enough to change the law.  We also need cops on the beat to enforce the law.  And that’s why, today, I am nominating Mary Jo White to lead the Security and Exchange Commission, and Richard Cordray to continue leading the Consumer Financial Protection Bureau. 

This guy is bothering me here -- (swatting at a fly.)

As a young girl, Mary Jo White was a big fan of the Hardy Boys.  I was, too, by the way. 

MS. WHITE:  Good.  Good.

THE PRESIDENT:  Yes.  As an adult, she’s built a career the Hardy Boys could only dream of.  Over a decade as a U.S. Attorney in New York, she helped prosecute white-collar criminals and money launderers.  In the early 1990s, she brought down John Gotti, the head of the Gambino crime syndicate.  And she brought to justice the terrorists responsible for bombing the World Trade Center and the American embassies in Africa.  So I’d say that’s a pretty good run.  You don't want to mess with Mary Jo.   

As one former SEC chairman said, Mary Jo “does not intimidate easily.”  And that’s important, because she has a big job ahead of her.  The SEC played a critical role in protecting our financial system during the worst of the financial crisis.  But there’s much more work to be done to complete the task of reforming Wall Street and making sure that American investors are better informed and better protected going forward.  And we need to keep going after irresponsible behavior in the financial industry so that taxpayers don’t pay the price.

I am absolutely confident that Mary Jo has the experience and the resolve to tackle these complex issues and protect the American people in a way that is smart and in a way that is fair.

And I want to thank Elisse Walter, who has done an outstanding job holding down the fort as chairwoman.  And I expect the Senate to confirm Mary Jo as soon as possible so she can get to work.

My second nominee is a familiar face.  A year and a half ago, I nominated Richard Cordray to lead the watchdog agency we created to give Americans the information they need to make sound financial choices and protect them from unscrupulous lenders and debt collectors. 

As a former attorney general of Ohio with a long record of working with Democrats and Republicans on behalf of the American people, nobody questioned Richard’s qualifications.  But he wasn’t allowed an up or down vote in the Senate, and as a consequence, I took action to appoint him on my own.  And over the last year, Richard has proved to be a champion of American consumers. 

Thanks to his leadership, we’ve made it tougher for families to be tricked into mortgages they can’t afford.  We’ve set clearer rules so that responsible lenders know how to operate fairly.  We’ve launched a “Know Before You Owe” campaign to help parents and students make smart decisions about paying for college.  We’ve cracked down on credit card companies that charge hidden fees, and forced those companies to make things right.  And through it all, Richard has earned a reputation as a straight shooter and somebody who’s willing to bring every voice to the table in order to do what’s right for consumers and our economy.

Now, Richard’s appointment runs out at the end of the year, and he can’t stay on the job unless the Senate finally gives him the vote that he deserves.  Financial institutions have plenty of lobbyists looking out for their interests.  The American people need Richard to keep standing up for them.  And there’s absolutely no excuse for the Senate to wait any longer to confirm him. 

So I want to thank Mary Jo, Richard, and their families once again for agreeing to serve.  And now I’d like to invite them to say a few words, starting with Mary Jo.

MS. WHITE:  Thank you, Mr. President, for the confidence that you have placed in me and the faith that you’ve shown in me by nominating me to be the next chair of the Securities and Exchange Commission.  I’m deeply, deeply honored. 

If confirmed by the Senate, I look forward to committing all of my energies to working with my fellow commissioners and the extremely dedicated and talented men and women of the staff of the SEC to fulfill the agency’s mission to protect investors, and to ensure the strength, efficiency, and the transparency of our capital markets.

The SEC, long a vital and positive force for the markets, has a lot of hard and important work ahead of it.  I would welcome the opportunity to lead those efforts and to build on the work of Chairman Mary Shapiro and Chairman Elisse Walter, who I’m very honored is present today.

And finally, and most importantly, I want to thank my husband, John White, who is here today, on what is our 43rd anniversary --

THE PRESIDENT:  Today?

MS. WHITE:  -- today -- for his strong support of me in seeking to engage in this very significant and challenging public service. 

Thank you very much.

THE PRESIDENT:  Thank you.

Richard.

MR. CORDRAY:  Thank you, Mr. President, for the confidence you’ve placed in me and our team at the Consumer Financial Protection Bureau.  We understand that our mission is to stand on the side of consumers -- our mothers and fathers, sisters and brothers, sons and daughters -- and see that they’re treated fairly. 

For more than a year, we’ve been focused on making consumer finance markets work better for the American people.  We approach this work with open minds, open ears, and great determination. 

We all thank you and the Congress for the opportunity and the honor to serve our country in this important way.  Thank you.

THE PRESIDENT:  Well, I just want to thank again Mary Jo and Richard for their willingness to serve.  These are people with proven track records.  They are going to look out for the American people, for American consumers, and make sure that our marketplace works better -- more transparently, more efficiently, more effectively.  So I again would urge the Senate to confirm both of them as quickly as possible. 

And I also want to express congratulations to the Whites for their anniversary.  If I had known, we would have maybe rolled out a cake or something.  (Laughter.)  But have fun.

MS. WHITE:  Thank you.

THE PRESIDENT:  I hope you enjoy it. 

END
2:46 P.M. EST

Close Transcript

President Obama Nominates Mary Jo White to Run the SEC

President Obama announced today that he wants Mary Jo White, a former U.S. Attorney for the Southern District of New York, who has built a reputation as a tough and effective prosecutor with a proven record of bringing criminals to justice, to head up the Security and Exchange Commission in his second term.

As U.S. Attorney, White specialized in investigating and prosecuting large scale white collar crimes and complex securities and financial institution fraud -- and won convictions against the terrorists responsible for bombing the World Trade Center and American embassies in Africa, as well as John Gotti, the head of the Gambino crime family. As President Obama said during the personnel announcement in the State Dining Room, "You don't want to mess with Mary Jo."