Obama: New FBI Director Comey faces challenges

President Barack Obama said sequestration has "reduced" the FBI's capacity to partner with national defense personnel to eliminate threats at an installment ceremony for FBI Director James Comey in Washington on Monday

"I'll keep fighting for those resources because our country asks and expects a lot from you, and we should make sure you've got the resources you need to do the job," Obama said.

Faced with more threats and fewer resources, Obama said the FBI needs to find the brightest and best people to serve.

"...That's who we've got in Jim Comey," Obama said. "...What gave me confidence that this was the right man for the job wasn't his degrees and it wasn't his resume; it was in talking to him and seeing his amazing family, a sense that this is somebody who knows what's right and what's wrong and is willing to act on that basis every single day."

Comey has served as an assistant U.S. attorney, deputy attorney general in the Department of Justice, general counsel and senior vice president at Lockheed Martin and general counsel at Bridgewater Associates.

"(The FBI's motto) -Fidelity, Bravery, Integrity - captures the essence of the FBI and its people," Comey said. "And (those words) also explain why I am here. I wanted to be here to work alongside those people, to represent them, to help them accomplish their mission and to just be their colleague."