US President, Donald Trump’s nominee for Navy secretary, Philip Bilden, has withdrawn his name from consideration.
In a statement, Mr Bilden, a financier, cited his financial holdings as the reason, saying “after an extensive review process, I have determined that I will not be able to satisfy the Office of Government Ethics requirements without undue disruption and materially adverse divestment of my family’s private financial interests.”
The CNN reported that Mr Bilden is the second service secretary nominee to withdraw from consideration.
Earlier this month, Army secretary nominee, Vincent Viola withdrew citing trouble he would have disengaging with his business ties.
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