Obama's Deputy Press Secretary, Josh Earnest, said the White House would not comment.
The indictment also charged that Blagojevich was involved in a corrupt scheme to get a massive kickback in exchange for the refinancing of billions of dollars in state pension funds. It said he took part in a plan with convicted political fixer Antoin "Tony" Rezko and two others to make money while Blagojevich was governor, then split the profits after he left the office.
Blagojevich, 52, and others are accused of illegally pressuring an Illinois congressman for help in raising funds and lying when FBI agents came to question him.
His publicist, Glenn Selig, said a statement would be issued shortly.
Blagojevich was arrested Dec. 9 on a criminal complaint, and U.S. Attorney Patrick J. Fitzgerald had faced a Tuesday deadline to supplant it with an indictment from a federal grand jury.
The Democrat's arrest meant curtains for his political career: The Illinois House impeached him Jan. 9, and the Senate convicted him and removed him from office Jan. 29.
Others charged in the indictment include the former governor's brother, Robert Blagojevich, one-time chief fundraiser Christopher G. Kelly, former aide Lon Monk, Springfield lobbyist-millionaire William F. Cellini and former chief of staff John Harris.