President Bush, brushing aside objections by chief of staff John Sununu, nominated Robert Clarke to a second five-year term as U.S. comptroller of the currency.

The White House, which expressed "complete confidence" in Clarke on Monday, announced the action late Tuesday in a one-sentence statement that included no mention of the Sununu's opposition or even Bush's reason for sticking with Clarke.Just last week, administration officials were quoted as saying Sununu was trying to have Clarke removed. They said Sununu complained that Clarke's oversight of the banks is so tough it has caused a nationwide credit crunch.