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BREAKING NEWS ~ Bush picks Cox to replace SEC Chairman Donaldson

[JURIST] In a White House ceremony, President Bush has formally nominated Rep. Christopher Cox [official profile] of California to succeed William Donaldson as SEC Chairman. Cox now awaits Senate confirmation, a process he withdrew from when in line for appointment to the US Court of Appeals after the Democrats gained control of the Senate in 2001. AP has more.

1:15 PM ET - The White House has released this transcript of the Roosevelt Room ceremony.

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