Bill pulls out of Commerce nomination

Richardson prepares to pass the crown to Lt. Gov. Diane Denish in December.

With a grand jury investigation into "pay-to-play" government contracts looming, Gov. Bill Richardson has opted out of the Commerce secretariship. Obama has accepted his resignation as secretary-designee.

Lt. Gov. Diane Denish's heart must've just dropped to the floor.

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Update 3 p.m. by Corey:

Here's Denish's press release. Doesn't say if her heart hit the floor.

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