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President-elect Barack Obama stands with Commerce Secretary designate New Mexico Gov. Bill Richardson, at a news conference in Chicago, Wednesday, Dec. 3, 2008. (AP Photo/Charles Dharapak)

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Gov. Richardson and CDR pay for playGov. Richardson and CDR pay for play

Richardson administration and CDR pay for play investigation

CDR Pay for Play Investigation TimelineCDR Pay for Play Investigation Timeline

Notable events leading to the Grand Jury Indictments in the CDR…

Obama releases statement on Richardson

STATEMENT OF PRESIDENT ELECT BARACK OBAMA:

Updated: Friday, 19 Jun 2009, 11:18 AM MDT
Published : Sunday, 04 Jan 2009, 12:33 PM MST

    It is with deep regret that I accept Governor Bill Richardson's decision to withdraw his name for nomination as the next Secretary of Commerce.

    Governor Richardson is an outstanding public servant and would have brought to the job of Commerce Secretary and our economic team great insights accumulated through an extraordinary career in federal and state office.

    It is a measure of his willingness to put the nation first that he has removed himself as a candidate for the Cabinet in order to avoid any delay in filling this important economic post at this critical time.

    Although we must move quickly to fill the void left by Governor Richardson's decision, I look forward to his future service to our country and in my administration.