Wow, big news. New Mexico Governor Bill Richardson, who was tapped by President-elect Obama to serve as secretary of Commerce, has withdrawn his name for the position due to a pending investigation into a company that has done business with his state.
“Let me say unequivocally that I and my Administration have acted properly in all matters and that this investigation will bear out that fact,” he said Sunday in a report by NBC News. “But I have concluded that the ongoing investigation also would have forced an untenable delay in the confirmation process.”
And Richardson said that he will continue his role as governor.