Summary Box: Bailout watchdog to probe how states chosen for $2.1B housing aid program

Summary Box: Watchdog to audit housing program

Remarks by the President in Selection of Jack Lew to be Director of OMB

Diplomatic Reception Room

12:18 P.M. EDT

THE PRESIDENT:  Good afternoon.  Before I begin, I just want to note a breakthrough that we’ve had on our efforts to pass the most comprehensive reform of Wall Street since the Great Depression.  Three Republican senators have put politics and partisanship aside to support this reform, and I’m grateful for their decision, as well as all the Democrats who’ve worked so hard to make this reform a reality — particularly Chairman Dodd and Chairman Barney Frank. 

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