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Obama picks Mary Jo White to lead SEC

WASHINGTON (AP) — President Barack Obama will nominate Mary Jo White to lead the Securities and Exchange Commission, tapping an attorney with broad experience in prosecuting white-collar crimes to lead an agency that has a central role in implementing Wall Street reform.

White House press secretary Jay Carney said Obama would announce White's nomination during a ceremony in the State Dining Room Thursday afternoon.

"She's got an incredibly impressive resume," Carney said. "The president is very pleased to be able to nominate her."

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