The Trump administration is applauding the January jobs reports.

This comes as the President signs executive order taking aim at Dodd-Frank financial overhaul.

Last month's jobs report, which showed the U.S. economy adding 227,000 jobs and the unemployment rate at 4.8 percent.

The report also says that more Americans started looking for work, although not all of them found jobs immediately.

"Today's report reflects the consumer confidence that the Trump presidency has inspired," said White House press secretay Sean Spicer.

"President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise."

President Donald Trump also signed an executive order that will direct the Treasury secretary to review the 2010 Dodd-Frank financial overhaul.

It's Trump's first step at scaling back regulations on financial services.

Trump has called the law a "disaster" and said it failed to address some of the causes of the 2008-2009 financial crisis.

Washington DC - 3 February 2017

1. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The economy added more than 227,000 new jobs, significantly more than the 175,000 that had been expected. Today's report reflects the consumer confidence that the Trump presidency has inspired. According to a recent Gallup poll, economic confidence is at a new high and ADP showed strong private sector hiring. President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise."

++SEPARATED BY WHITE FLASH+++

2. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The president's already taken significant steps to turn our economy around and he is looking forward to ensuring that every American who wants a job has the opportunity to find one. While the president's definitely pleased that the job growth has far surpassed expectations and that the labor force participation is rising, he also recognizes that there is a lot more work to be done."

++SEPARATED BY WHITE FLASH+++

3. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The Dodd-Frank Act is a disastrous policy that's hindering our markets, reducing the availability of credit and crippling our economy's ability to grow and create jobs. It imposed hundreds of new regulations and financial -- on financial institutions, while establishing unaccountable and unconstitutional new agency that does not adequately protect consumers. Perhaps worst of all, despite all of this overreaching, Dodd-Frank did not address the causes of the financial crisis, something we all know must be done. It did not solve the too big to fail and we must determine conclusively that the failure of a large bank will never again leave taxpayers on the hook."

The Trump administration is applauding the January jobs reports.

This comes as the President signs executive order taking aim at Dodd-Frank financial overhaul.

Last month's jobs report, which showed the U.S. economy adding 227,000 jobs and the unemployment rate at 4.8 percent.

The report also says that more Americans started looking for work, although not all of them found jobs immediately.

"Today's report reflects the consumer confidence that the Trump presidency has inspired," said White House press secretay Sean Spicer.

"President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise."

President Donald Trump also signed an executive order that will direct the Treasury secretary to review the 2010 Dodd-Frank financial overhaul.

It's Trump's first step at scaling back regulations on financial services.

Trump has called the law a "disaster" and said it failed to address some of the causes of the 2008-2009 financial crisis.

Washington DC - 3 February 2017

1. Cutaway of White House Press Secretary Sean Spicer walking in to press briefing

2. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The economy added more than 227,000 new jobs, significantly more than the 175,000 that had been expected. Today's report reflects the consumer confidence that the Trump presidency has inspired. According to a recent Gallup poll, economic confidence is at a new high and ADP showed strong private sector hiring. President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise."

3. Cutaway

4. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The president's already taken significant steps to turn our economy around and he is looking forward to ensuring that every American who wants a job has the opportunity to find one. While the president's definitely pleased that the job growth has far surpassed expectations and that the labor force participation is rising, he also recognizes that there is a lot more work to be done."

5. Cutaway

6. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The Dodd-Frank Act is a disastrous policy that's hindering our markets, reducing the availability of credit and crippling our economy's ability to grow and create jobs. It imposed hundreds of new regulations and financial -- on financial institutions, while establishing unaccountable and unconstitutional new agency that does not adequately protect consumers. Perhaps worst of all, despite all of this overreaching, Dodd-Frank did not address the causes of the financial crisis, something we all know must be done. It did not solve the too big to fail and we must determine conclusively that the failure of a large bank will never again leave taxpayers on the hook."

7. Cutaway

8. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"They did have a very productive and candid conversation. We have tremendous amount of respect for the people of Australia, for Prime Minister Trunbull and a followup on the call, but we are going to continue to work through this. We are going to honor the commitments that we made in some way, meaning that we are going to vet these people in accordance with the agreement that happened and we are going to continue to have further updates as we do."

9. Cutaway

10. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The President is commited to peace, that's his goal and I think when the President and Prime Minister meet here on the 15th that obviously be the topic at that. At the end of the day the goal is peace. I think that is what you have to keep in mind, I think that is going to be a subject that they discuss when they meet on the 15th and that's as far as I want to go on that."

11. Cutaway

12. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"I think the statement is very clear about that, we don't think the existence of current settlements is an impedement to peace, but I think the construction or expansion of existing settlements beyond the borders is not going to be helpful moving forward."

13. Spicer leaving briefing

The Trump administration is applauding the January jobs reports.

White House Press Secretary Sean Spicer on Friday addressed last month's job report, which showed the U.S. economy adding 227,000 jobs and the unemployment rate at 4.8 percent.

The report also says that more Americans started looking for work, although not all of them found jobs immediately.

Trump also signed an executive order that will direct the Treasury secretary to review the 2010 Dodd-Frank financial overhaul.

It's Trump's first step at scaling back regulations on financial services.

Trump has called the law a "disaster" and said it failed to address some of the causes of the 2008-2009 financial crisis.

Washington DC - 3 February 2017

1. White House Press Secretary Sean Spicer walking in to press briefing

2. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The economy added more than 227,000 new jobs, significantly more than the 175,000 that had been expected. Today's report reflects the consumer confidence that the Trump presidency has inspired. According to a recent Gallup poll, economic confidence is at a new high and ADP showed strong private sector hiring. President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise."

3. Cutaway

4. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The president has already taken significant steps to turn our economy around and he is looking forward to ensuring that every American who wants a job has the opportunity to find one. While the president's definitely pleased that the job growth has far surpassed expectations and that the labor force participation is rising, he also recognizes that there is a lot more work to be done."

5. Cutaway

6. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The Dodd-Frank Act is a disastrous policy that's hindering our markets, reducing the availability of credit and crippling our economy's ability to grow and create jobs. It imposed hundreds of new regulations on financial institutions while establishing unaccountable and unconstitutional new agency that does not adequately protect consumers. Perhaps worst of all, despite all of this overreaching, Dodd-Frank did not address the causes of the financial crisis, something we all know must be done. It did not solve the too big to fail and we must determine conclusively that the failure of a large bank will never again leave taxpayers on the hook."

7. Cutaway

8. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"They did have a very productive and candid conversation. We have tremendous amount of respect for the people of Australia, for Prime Minister Trunbull and it was a follow-up on the call, but we are going to continue to work through this. We are going to honor the commitments that we've made in some way, meaning that we are going to vet these people in accordance with the agreement that happened and we are going to continue to have further updates as we do."

9. Cutaway

10. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The president is committed to peace, that's his goal and I think when the president and Prime Minister Netanyahu meet here on the 15th that obviously be the topic at that. At the end of the day the goal is peace. I think that is what you have to keep in mind, I think that is going to be a subject that they discuss when they meet on the 15th and that's as far as I want to go on that."

11. Cutaway

12. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"I think the statement is very clear about that, we don't believe that the existence of current settlements is an impediment to peace, but I think the construction or expansion of existing settlements beyond the current borders is not going to be helpful moving forward."

13. Spicer leaving briefing

US President Donald Trump is telling a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.

Trump addressed the Independent Community Bankers Association at the White House on Monday.

The bankers all wore Trump inspired red baseball caps that say, "Make Community Banking Great Again!"

Trump said the current law, known as the Dodd-Frank Act, is "damaging" and his administration is working to reform it.

He says his friends who are community bankers "have gone through hell" because of stringent regulations.

The 2010 Dodd-Frank law clamped down on certain banking practices and expanded consumer protections to try to prevent a repeat of the 2008 financial meltdown

Washington DC - 1 May 2017

1. Vice President Mike Pence introduces US President Donald Trump, pull out to wide shot as crowd stands and applauds

2. SOUNDBITE (English) Donald Trump, US President:

"I have friends that are community bankers and they've gone through hell over the last, long period of time. It's really a much longer period of time than people would understand. I've also directed Treasury Secretary Steven Mnuchin to review damaging Dodd-Frank regulations that encourage risky behaviour from Wall Street. Everybody knows what that means. We're also working to achieve tax reform and dramatically lower taxes on businesses and the middle class. We're proposing one of the largest tax cuts in history, even larger than that of President Ronald Reagan. Our tax cut is bigger, bigger. My administration is committed to working with each and every one of you to help Americans achieve their financial dreams so that, look, we're all here for the same thing. We have a statement, it's really, I like it much better than even your hat, it says 'Make America Great Again,' and that's what we all want, we want to all make it great again and that's what's going to happen so, I want to thank you all for being here. Very special people, you do a very, very special job and the community really understands it. I know community bankers are the most popular person in their community. They've built communities and they've really been so badly hurt over the last number of years. So we're going to change that, we're going to change regulations, we're gonna give the incentives back and you're going to grow and thrive and prosper and maybe even more importantly, you're going to have businesses all over the country growing and thriving and prospering. So I want to thank you for being here. It's a great honour. And you will see things happening like you've never seen before, thank you very much, thank you, thank you." (Crowd stands up and applauds)

President Donald Trump is telling a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.

Trump addressed the Independent Community Bankers Association at the White House Monday. The bankers all wore Trump inspired red baseball caps that say, "Make Community Banking Great Again!"

The president said the current law, known as the Dodd-Frank Act, is "out of control" and his administration is working to reform it.

He says his friends who are community bankers "have gone through hell" because of stringent regulations.

The 2010 Dodd-Frank law clamped down on certain banking practices and expanded consumer protections to try to prevent a repeat of the 2008 financial meltdown

Washington, DC - 1 May 2017

1. SOUNDBITE (English) Donald Trump, US President:

"I have friends that are community bankers and they've gone through hell over the last, long period of time. It's really a much longer period of time than people would understand. I've also directed Treasury Secretary Steven Mnuchin to review damaging Dodd Frank regulations that encourage risky behavior from Wall Street. Everybody knows what that means. We're also working to achieve tax reform and dramatically lower taxes on businesses and the middle class. We're proposing one of the largest tax cuts in history, even larger than that of President Ronald Reagan. Our tax cut is bigger, bigger. My administration is committed to working with each and every one of you to help Americans achieve their financial dreams so that, look, we're all here for the same thing. We have a statement, it's really, I like it much better than even your hat, it says 'Make America Great Again,' and that's what we all want, we want to all make it great again and that's what's going to happen so, I want to thank you all for being here. Very special people, you do a very, very special job and the community really understands it. I know community bankers are the most popular person in their community. They've built communities and they've really been so badly hurt over the last number of years. So we're gonna change that, we're going to change regulations, we're gonna give the incentives back and you're going to grow and thrive and prosper and maybe even more importantly, you're going to have businesses all over the country growing and thriving and prospering. So I want to thank you for being here. It's a great honor. And you will see things happening like you've never seen before, thank you very much, thank you, thank you."

President Donald Trump is telling a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.

Trump addressed the Independent Community Bankers Association at the White House Monday. The bankers all wore Trump inspired red baseball caps that say, "Make Community Banking Great Again!"

The president said the current law, known as the Dodd-Frank Act, is "out of control" and his administration is working to reform it.

He says his friends who are community bankers "have gone through hell" because of stringent regulations.

The 2010 Dodd-Frank law clamped down on certain banking practices and expanded consumer protections to try to prevent a repeat of the 2008 financial meltdown

Washington, DC - 1 May 2017

1. SOUNDBITE (English) Donald Trump, US President:

"I have friends that are community bankers and they've gone through hell over the last, long period of time. It's really a much longer period of time than people would understand. I've also directed Treasury Secretary Steven Mnuchin to review damaging Dodd Frank regulations that encourage risky behavior from Wall Street. Everybody knows what that means. We're also working to achieve tax reform and dramatically lower taxes on businesses and the middle class. We're proposing one of the largest tax cuts in history, even larger than that of President Ronald Reagan. Our tax cut is bigger, bigger. My administration is committed to working with each and every one of you to help Americans achieve their financial dreams so that, look, we're all here for the same thing. We have a statement, it's really, I like it much better than even your hat, it says 'Make America Great Again,' and that's what we all want, we want to all make it great again and that's what's going to happen so, I want to thank you all for being here. Very special people, you do a very, very special job and the community really understands it. I know community bankers are the most popular person in their community. They've built communities and they've really been so badly hurt over the last number of years. So we're gonna change that, we're going to change regulations, we're gonna give the incentives back and you're going to grow and thrive and prosper and maybe even more importantly, you're going to have businesses all over the country growing and thriving and prospering. So I want to thank you for being here. It's a great honor. And you will see things happening like you've never seen before, thank you very much, thank you, thank you."

Seeking to bridge deep Democratic divides, Bernie Sanders robustly embraced his former rival Hillary Clinton Monday night as a champion for the same economic causes that enlivened his supporters, signaling it was time for them, too, to rally behind her in the campaign against Republican Donald Trump.

Sanders joined a high-wattage lineup of speakers, including first lady Michelle Obama who made a forceful, impassioned case for the Democratic nominee. Mrs. Obama's address all but wiped away earlier tumult in the convention hall that had exposed lingering tensions between Clinton and Sanders supporters.

While Sanders had endorsed Clinton previously, his remarks Monday marked his most vigorous and detailed praise of her qualifications for the presidency. It came at a crucial moment for Clinton's campaign, on the heels of leaked emails suggesting the party had favored the former secretary of state through the primaries despite a vow of neutrality.

Behind the scenes, Sanders and Clinton aides joined forces to try to ease tensions. Clinton's campaign quickly added more Sanders' supporters to the speakers lineup. Sanders sent urgent messages to supporters asking them not to protest.

By the time Sanders took the stage for the night's closing address, much of the anger had been overshadowed by speeches promoting party unity. Sanders did his part, imploring his supporters to consider a country under Trump's leadership.

Moments of disunity could still surface, including when former President Bill Clinton addresses the convention on Wednesday night. The former President remains very popular within the party, but some of his policies do not. This includes the legislation he signed to remove regulations on banks that separated commercial banking from investment banking. The regulations had been in place since 1932, when they were included in the a law called Glass-Steagall, named for two Senators of that time who sponsored it. Many have blamed the deregulation for the financial crisis of 2008.

Seeking to bridge deep Democratic divides, Bernie Sanders robustly embraced his former rival Hillary Clinton Monday night as a champion for the same economic causes that enlivened his supporters, signaling it was time for them, too, to rally behind her in the campaign against Republican Donald Trump.

Sanders joined a high-wattage lineup of speakers, including first lady Michelle Obama who made a forceful, impassioned case for the Democratic nominee. Mrs. Obama's address all but wiped away earlier tumult in the convention hall that had exposed lingering tensions between Clinton and Sanders supporters.

While Sanders had endorsed Clinton previously, his remarks Monday marked his most vigorous and detailed praise of her qualifications for the presidency. It came at a crucial moment for Clinton's campaign, on the heels of leaked emails suggesting the party had favored the former secretary of state through the primaries despite a vow of neutrality.

Behind the scenes, Sanders and Clinton aides joined forces to try to ease tensions. Clinton's campaign quickly added more Sanders' supporters to the speakers lineup. Sanders sent urgent messages to supporters asking them not to protest.

By the time Sanders took the stage for the night's closing address, much of the anger had been overshadowed by speeches promoting party unity. Sanders did his part, imploring his supporters to consider a country under Trump's leadership.

Moments of disunity could still surface, including when former President Bill Clinton addresses the convention on Wednesday night. The former President remains very popular within the party, but some of his policies do not. This includes the legislation he signed to remove regulations on banks that separated commercial banking from investment banking. The regulations had been in place since 1932, when they were included in the a law called Glass-Steagall, named for two Senators of that time who sponsored it. Many have blamed the deregulation for the financial crisis of 2008.

Philadelphia, Pennsylvania - 25 July, 2016

1. SOUNDBITE (English) Lisa Lerer, Associated Press

"Well certainly the last couple of days here have been quite contentious. It wasn't quite the show of unity that Hillary Clinton's campaign and her supporters had been hoping for. But her campaign and the convention planners were able to release some of that tension by giving Bernie Sanders and his backers a lot of airtime tonight. They added Sanders supporters onto the schedule. So what you wound up having here for the first night of the convention was a series of former Sandres backers who got up and explained why they were now supporting Hillary Clinton."

++BLACK BETWEEN SOTS++

2. SOUNDBITE (English) Lisa Lerer, Associated Press

"And why Sanders supporters out in the country should do the same. That group included high profile celebrities like comedian Sarah Silverman."

++BLACK BETWEEN SOTS++

3. SOUNDBITE (English) Lisa Lerer, Associated Press

"And of course Bernie Sanders himself who ended the evening and got that coveted prime time address at the end of the night. He talked about all the reasons that he was backing Hillary Clinton."

++BLACK BETWEEN SOTS++

4. SOUNDBITE (English) Lisa Lerer, Associated Press

"I think it's really important to remember that conventions do not reflect electoral results. Right? So what we've seen in all the polling is somewhere around 80 percent of Sanders supporters now say they're going to back Hillary Clinton. That's actually a far higher percentage than of Clinton supporters that said they would back then Illinois Senator Barack Obama eight years ago."

++BLACK BETWEEN SOTS++

5. SOUNDBITE (English) Lisa Lerer, Associated Press

"Most Sanders supporters are going to go behind Hillary Clinton, or at least that's what they're saying in polls."

++BLACK BETWEEN SOTS++

6. SOUNDBITE (English) Lisa Lerer, Associated Press

"Well it's a series of high profile speakers to come tomorrow night. Of course is former President Bill Clinton. That will be a particularly interesting speech because while he remains a pretty popular figure within the Democratic party, much of what his administration did, some things like deregulating Wall Street with Glass-Steagall, the crime bill which some people said led to an era of mass incarceration, Don't Ask Don't Tell, those achievements are now pretty reviled by many in the party, particularly these Sanders supporters who have been so vocal in their opposition to Hillary Clinton."

++BLACK BETWEEN SOTS++

7. SOUNDBITE (English) Lisa Lerer, Associated Press

"On Wednesday of course we'll have Vice President Biden, Vice Presidential candidate Tim Kaine, of course this will be his first opportunity to introduce himself to a large national audience. And President Obama who's supposed to come out pretty strong and play the role of a convert, someone who was of course was against Hillary Clinton and has been won over by her experience and her tenacity and all these things that her campaign is hoping to promote and to create as her image these four nights. And then on Thursday of course we have Chelsea Clinton introducing Hillary Clinton herself."

++BLACK BETWEEN SOTS++

8. SOUNDBITE (English) Lisa Lerer, Associated Press

"Some of this may linger into tomorrow and Wednesday. I think ousting Debbie Wasserman Schultz will help a lot with these kinds of frustrations. You know, people want to see heads roll hers was a head that a lot of people both in the Obama administration and in the Clinton campaign wanted to roll for quite a long time."

SHOTLIST:

RESTRICTION SUMMARY:

ASSOCIATED PRESS

ARCHIVE: Washington, DC - 12 November 2013

1. Then-President Barack Obama, then-CFTC head Gary Gensler and nominee Timothy Massad walk into room

2. Obama at podium, Gensler on left (no glasses)

3. SOUNDBITE (English) then-President Barack Obama:

"And Gary's never once let his team forget what this is all about. The American people."

4. Gensler and Obama shake hands

5. Gensler shakes ands with Massad

ASSOCIATED PRESS

ARCHIVE: Washington, DC - 30 July 2013

++STILLS++

6. Various Gary Gensler during Congressional testimony

STORYLINE:

President Joe Biden’s choice to head the Securities and Exchange Commission is coming before a Senate panel for his confirmation hearing at a moment when a roiling stock-trading drama has spurred clamor for tighter regulation of Wall Street.

Gary Gensler, a chairman of the Commodity Futures Trading Commission during the Obama administration, has experience as a tough markets regulator during the financial crisis. More recently he has been in the academic world.

Biden’s selection of Gensler to lead the SEC signals a goal of turning the Wall Street watchdog agency toward an activist role after a deregulatory stretch during the Trump administration.

The Senate Banking Committee is weighing Gensler’s confirmation in a virtual hearing Tuesday. Also being vetted and questioned is Rohit Chopra, a member of the Federal Trade Commission who is Biden’s nominee to lead the Consumer Financial Protection Bureau.

Gensler is promising to work toward strengthening transparency and accountability in the markets. That will enable people “to invest with confidence and be protected from fraud and manipulation," he said in written testimony prepared for the hearing.

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