Anthony Foxx, labeled by President Obama as "one of the most effective mayors Charlotte [North Carolina] has ever seen," has been nominated by the President to be the next Secretary of Transportation. Foxx would take over for Ray LaHood, who announced that he would be stepping down a few months ago.

President Obama had only positive things to say about Mr. LaHood, who had previously served in Congress as a Republican, calling him "a model for the kind of bipartisan approach to governance I think we need so badly in this town." Foxx had been a Democrat, but said during the nomination speech, "There is no such thing as a Democratic or Republican road, bridge, port, airfield or rail system."

Scroll down below to see a video from CBS News highlighting Obama's announcement and Foxx's acceptance.

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