- Associated Press - Friday, October 14, 2016

WASHINGTON (AP) - Sen. Elizabeth Warren is calling on President Barack Obama to replace Mary Jo White as head of the Securities and Exchange Commission. Warren says White has refused to issue a rule requiring public companies to disclose political contributions.

In a letter to the president on Friday, the Massachusetts Democrat says White has “undermined” the SEC, Obama administration priorities and the best interests of investors by refusing to issue such a rule. Warren says a new SEC chair could redirect commission resources to looking out for investors.

Obama spokesman Eric Schultz says the president continues to believe White “is the right leader” for the job.

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