President-elect Barack Obama has chosen Mary Schapiro to lead the Securities and Exchange Commission; he will announce her appointment in Chicago today, the New York Times reports. Schapiro, a former commissioner of the SEC, currently leads the Financial Services Regulatory Authority.
The Times reported that Obama “has also settled on Representative Ray LaHood, Republican of Illinois, as his choice for transportation secretary, officials familiar with the decision said, and on Friday is scheduled to announce that Mr. LaHood will be nominated to lead the department through a vast public works program intended to stimulate the economy. …
“Mr. LaHood, who is retiring after seven terms in Congress, has overseen major spending projects as a member of the House Appropriations Committee. Known for his bipartisan alliances and his moderate views, he will be the second Republican named to the cabinet, after Robert M. Gates, the defense secretary who has agreed to stay on.”
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