So much for Bill Richardson as commerce secretary! The New Mexico governor has withdrawn his name for the position, citing an ongoing investigation into a firm that has done business with the state.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, according to NBC News. “But I have concluded that the ongoing investigation also would have forced an untenable delay in the confirmation process.” He added that he would continue on as governor. Obama said he accepted Richardson’s decision to withdraw with “deep regret.” A grand jury is probing "pay-to-play" allegations stemming from a New Mexico contract a California firm received after making three donations to political action committees formed by Richardson.