Politics Live: Gregg Out of the Running, Obama in Need of Commerce Secy.

Republican Sen. Judd Gregg’s withdrawal from consideration for the commerce secretary post adds another hiccup to President Obama’s transition plan.

The New Hampshire senator announced Thursday evening during a press conference on Capitol Hill that he would not be a “good fit” for the Obama administration.

“For me, I just realized as these issues started to come at us, and they started to crystallize, that it really wasn’t a good fit. And that I wouldn’t be comfortable doing this and that it wouldn’t be fair to be part of a team and not be able to be 100 percent on the team,” said Gregg.

So, who is left with egg on his face? Tune into Friday’s edition for Politics Live for more details on what the political stumbles will mean for Obama.

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