POTUS Barack Obama Will Name First Woman SEC Commissioner, And A Republican For Transportation Cabinet.

President-elect Barack Obama on Thursday will name the first woman to head the Securities and Exchange Commission, according to two senior Democratic officials. Mary Schapiro is currently CEO of the Financial Industry Regulatory Authority, a non-governmental association that oversees all American securities firms. She is a former SEC commissioner. Then on Friday, he'll come back with a Republican for his Cabinet -- retiring Rep. Ray LaHood of Illinois, who will be tapped as Obama's transportation secretary.

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