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| Version 3 | Version 4 |
|---|---|
| Obama commerce nominee pulls out | Obama commerce nominee pulls out |
| (20 minutes later) | |
| New Mexico Governor Bill Richardson has withdrawn as US President-elect Barack Obama's nominee for commerce secretary. | New Mexico Governor Bill Richardson has withdrawn as US President-elect Barack Obama's nominee for commerce secretary. |
| Mr Richardson's decision was linked to a pending investigation into a company which has done business with his state. | Mr Richardson's decision was linked to a pending investigation into a company which has done business with his state. |
| In a joint statement, Mr Obama said he had accepted Mr Richardson's decision to withdraw "with deep regret". | In a joint statement, Mr Obama said he had accepted Mr Richardson's decision to withdraw "with deep regret". |
| Mr Richardson denied any wrongdoing but said that the inquiry could take months and he could not allow the commerce department's work to be delayed. | Mr Richardson denied any wrongdoing but said that the inquiry could take months and he could not allow the commerce department's work to be delayed. |
| "Let me say unequivocally that I and my administration have acted properly in all matters and that the investigation will bear out that fact," Mr Richardson's statement said. | "Let me say unequivocally that I and my administration have acted properly in all matters and that the investigation will bear out that fact," Mr Richardson's statement said. |
| "But I have concluded that the ongoing investigation also would have forced an untenable delay in the confirmation process." | "But I have concluded that the ongoing investigation also would have forced an untenable delay in the confirmation process." |
| He had asked for his name to be withdrawn with "great sorrow", Mr Richardson said, adding that he would continue in his present role as governor. | He had asked for his name to be withdrawn with "great sorrow", Mr Richardson said, adding that he would continue in his present role as governor. |
| Mr Obama described Mr Richardson's decision to withdraw his candidacy as "a measure of his willingness to put the nation first" and said he would have brought great experience to the role. | |
| A federal grand jury in Albuquerque is investigating how a California company that contributed to Mr Richardson's political activities won a New Mexico state contract. | A federal grand jury in Albuquerque is investigating how a California company that contributed to Mr Richardson's political activities won a New Mexico state contract. |
| The firm is not named in the joint statement issued by Mr Obama's office, but the Associated Press and AFP news agencies have identified it as a company called CDR Financial Products. | |
| Mr Richardson, among the Democratic Party's most prominent Hispanic politicians, becomes the first big-name figure to drop out of Mr Obama's cabinet. | |
| The governor stood against Mr Obama in the contest to be the Democratic presidential candidate last year but withdrew after performing badly in early state primary elections. | |
| Under former President Bill Clinton, Mr Richardson served as US ambassador to the UN and as energy secretary. | |
| Mr Obama is to be sworn in as the new US president on 20 January. | Mr Obama is to be sworn in as the new US president on 20 January. |