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A White House official says President Barack Obama will name a longtime fundraiser to run the Commerce Department and a top economic adviser as the next U.S. Trade Representative. The Commerce nominee is expected to be Penny Pritzker, left, shown in a Oct. 4, 2010, file photo and The U.S. Trade Representative is expected to be Mike Froman seen in an Oct. 8, 2010, file photo. Obama will announce both nominations from the White House Thursday morning May 2, 2013, before departing for Mexico. (AP Photo/File)

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President Obama shakes hands with Rep. Mel Watt, North Carolina Democrat and Obama's nominee for the Federal Housing Finance Authority director, on May 1, 2013, in the State Dinning Room of the White House in Washington, where he made the announcement of the nomination. (Associated Press)

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Late-night television host Conan O'Brien, from left, first lady Michelle Obama, Michael Clemente, executive vice president of Fox News, and President Barack Obama attend the White House Correspondents' Association Dinner at the Washington Hilton Hotel, Saturday, April 27, 2013, in Washington. (AP Photo/Carolyn Kaster)

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President Barack Obama talks with Michael Clemente, executive vice president of Fox News, as White House Correspondent Association President Ed Henry, chief White House correspondent for Fox News, sits right, during the White House Correspondents' Association Dinner at the Washington Hilton Hotel, Saturday, April 27, 2013, in Washington. (AP Photo/Carolyn Kaster)

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President Barack Obama looks to the podium during the White House Correspondents' Association Dinner at the Washington Hilton Hotel, Saturday, April 27, 2013, in Washington. (AP Photo/Carolyn Kaster)