Richardson to withdraw as Commerce secretary
New Mexico governor cites pending investigation of business dealings
updated 38 minutes ago
The Associated Press contributed to this report.
New Mexico Gov. Bill Richardson, tapped in December by President-elect Barack Obama to serve as secretary of Commerce, has withdrawn his name for the position, citing a pending investigation into a company that has done business with his state.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' Andrea Mitchell. "But I have concluded that the ongoing investigation also would have forced an untenable delay in the confirmation process."
A federal grand jury is investigating how a California company that contributed to Richardson's political activities won a lucrative New Mexico state contract.
Richardson to withdraw as Commerce secretary - Politics- msnbc.com