Richardson Withdraws Bid To Be Commerce Secretary

By: By NEDRA PICKLER AP Writer
By: By NEDRA PICKLER AP Writer
New Mexico Gov. Bill Richardson has withdrawn his nomination to be President-elect Barack Obama

(AP Photo/Alex Brandon)

WASHINGTON (AP) - New Mexico Gov. Bill Richardson has withdrawn
his nomination to be President-elect Barack Obama's commerce secretary amid a grand jury investigation.

Obama's transition office said Sunday that Obama has accepted Richardson's withdrawal.

A federal grand jury is investigating how a California company that contributed to Richardson's political activities won a lucrative New Mexico state contract.

A person familiar with the proceedings has told The Associated Press that the grand jury is looking into possible "pay-to-play" dealings between CDR Financial Products and someone in a position to push the contract through with the state of New Mexico.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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