Just weeks after being tapped by President-elect Barack Obama to be Commerce Secretary, New Mexico Gov. Bill Richardson has withdrawn his name for the position, citing a pending probe into a company that has done business with his state government. Richardson issued a statement saying the federal grand jury investigation into a firm, which contributed to his political career and won a sizable state contract, "promises to extend for several weeks or, perhaps, even months."
Richardson, who would have led an agency that oversees the National Telecommunications and Information Administration, Patent and Trademark Office, and the National Institute of Standards and Technology, said he and his administration have "acted properly in all matters" and the investigation will bear out that fact. However, he concluded the probe would have forced "an untenable delay in the confirmation process." Obama issued a statement calling Richardson "an outstanding public servant" and said it is was a measure of his willingness to put the nation first that he removed himself from the running. Read more in CongressDaily (subscription required).
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