February 25, 2009 7:30 PM
- Text
Day 37: Obama Names Commerce Secretary (Again)
Today, on the thirty-seventh day of his presidency, President Obama named a commerce secretary for the third time. This time he selected former Washington state Gov. Gary Locke.
"I'm sure it's not lost on anyone that we've tried this a couple of times," Mr. Obama said while introducing Locke. "But I'm a big believer in keeping at something until you get it right. And Gary is the right man for this job." (Read more>)
In the afternoon, Mr. Obama met with Treasury Secretary Timothy Geithner and members of the Senate Banking Committee and the House Financial Services Committee. Following the meeting, he laid out what he called the "core principles" he believes are necessary in reforming financial markets.
"The choice we face is not between some oppressive government-run economy or a chaotic and unforgiving capitalism," the president said. (Read more>)
You can watch Chip Reid's report on the president's day below:
"I'm sure it's not lost on anyone that we've tried this a couple of times," Mr. Obama said while introducing Locke. "But I'm a big believer in keeping at something until you get it right. And Gary is the right man for this job." (Read more>)
In the afternoon, Mr. Obama met with Treasury Secretary Timothy Geithner and members of the Senate Banking Committee and the House Financial Services Committee. Following the meeting, he laid out what he called the "core principles" he believes are necessary in reforming financial markets.
"The choice we face is not between some oppressive government-run economy or a chaotic and unforgiving capitalism," the president said. (Read more>)
You can watch Chip Reid's report on the president's day below:
-
Kevin Hechtkopf Kevin Hechtkopf is CBSNews.com's politics editor.
Follow on Twitter »
Popular Now in Politics
- Timothy Dolan: Birth control tweak a "first step"
- CPAC: Santorum rips Romney, rouses conservatives
- CPAC: Will Sarah Palin spring a surprise?
- Archbishop Dolan urges Obama to back down on birth control
- After uproar, Obama tweaks birth control rule
- Santorum: Women could bring "emotions" to combat
- Ann Coulter riles up the CPAC crowd
- STOCK Act passes in House
- Romney takes on hecklers at Maine town hall
- Obama to announce revamp of birth control policy
- Santorum's big benefactor
- Former Giffords aide to run for her House seat
- Occupy protestors kicked out of CPAC
- CPAC: Huckabee "thanks" Obama for birth control firestorm
- Romney says his conservatism will shine
- Report: Chicago cardinal joins contraceptives fight
- Is Rick Santorum conservatives' last, best hope?
Latest CBS News Headlines
on Facebook
on CBS News
- Greenland mourns victims of triple homicide
- UK's Cameron calls Jordan's king over extremist
- 9 sentenced for London Stock Exchange terror plot
- Assad cousin wins case to unfreeze Swiss millions
on Facebook
- Adele sings a cappella for Anderson Cooper
- Occupy protestors kicked out of CPAC
- Beyonce and Jay-Z post first photos of Blue Ivy Carter
on CBS News
