By JONATHAN WEISMAN and STEPHANIE SIMON
New Mexico Gov. Bill Richardson, citing a federal investigation into a company that has donated to his political organizations, withdrew his name Sunday from consideration to be Commerce secretary -- the first serious snag in Barack Obama's transition efforts.
Mr. Richardson, a former presidential candidate and one of two Hispanics nominated to Mr. Obama's cabinet, said he stepped aside "with great sorrow." In a statement, he noted how a "pending investigation of a company that has done business with New Mexico state government promises to extend for several weeks, or, perhaps, even months."
http://online.wsj.com/article/SB123109313644851901.html
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