Penny Pritzker, who the Obama folks were eyeing for commerce secretary, has removed her name from the running, reports Politico's Mike Allen:

Chicago businesswoman Penny Pritzker, national campaign finance chairwoman for the Obama campaign, has taken herself out of the running to be secretary of commerce, a Democratic official said.

“She fears problems with her confirmation based on past business dealings,” the official said.

Via Geraghty, Jennifer Rubin has a rundown of Pritzker's "problems."