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Fox, meet hen house. Hen house, Fox
Jun. 1st, 2005 10:44 pmWASHINGTON (AP) - President Bush intends to nominate California Rep. Christopher Cox to head the Securities and Exchange Commission, Republican officials said Wednesday following the resignation of William Donaldson.
These officials, who spoke on condition of anonymity, said an announcement was possible as early as Thursday.
Bush picked Donaldson 2 1/2 years ago as SEC chairman to restore confidence in a stock market that had been shaken by corporate scandals.
A Republican and Bush family friend, Donaldson was an activist who often clashed with traditional GOP business allies. They chafed over what they perceived as an excessive regulatory zeal during Donaldson's tenure. Donaldson announced his resignation Wednesday that he would be leaving the agency June 30.
Cox is chairman of the House Homeland Security Committee. He was first elected in 1988 from California's Orange County.
These officials, who spoke on condition of anonymity, said an announcement was possible as early as Thursday.
Bush picked Donaldson 2 1/2 years ago as SEC chairman to restore confidence in a stock market that had been shaken by corporate scandals.
A Republican and Bush family friend, Donaldson was an activist who often clashed with traditional GOP business allies. They chafed over what they perceived as an excessive regulatory zeal during Donaldson's tenure. Donaldson announced his resignation Wednesday that he would be leaving the agency June 30.
Cox is chairman of the House Homeland Security Committee. He was first elected in 1988 from California's Orange County.
