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Obama Administration Moves Quickly on Economy Following Tuesday’s Speech

President Obama announced his third nominee Wednesday for Commerce Secretary, Gary Locke, and met with Treasury Secretary Tim Geithner and Congressional leaders to discuss stronger federal regulations.

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    The Obama administration moved on several fronts today in its campaign to turn the economy around. The actions followed the president's address to Congress and to the nation. Jeffrey Brown has our lead story report.


    President Obama strolled to the Eisenhower Executive Office Building this morning with Vice President Biden for the day's opening event.

    Inside, he quickly picked up on his themes of last night, as he nominated a new commerce secretary, former Washington state Governor Gary Locke.

    BARACK OBAMA, President of the United States: Last night, I outlined my vision for our common future, one in which we accept the responsibility to act boldly and wisely to confront the extraordinary challenges of our times, put people back to work doing the work America needs done, and lay a new foundation for America's growth and prosperity.

  • GARY LOCKE, Commerce Secretary-designate:

    You eloquently outlined your strategies last night on how America will rebuild, recover, and emerge stronger than ever before.

    Working with the professionals at the Department of Commerce, I'm committed to making the department an active and integral partner in advancing your economic policies and restoring the American dream to all Americans.