Another Trump nominee withdraws nomination to top national security post due to business interests

‘Philip M. Bilden, President Trump’s pick for Navy secretary, withdrew from consideration late Sunday, becoming the second White House nominee to bail on a top Pentagon position due to problems untangling his financial investments.
“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,” Bilden said in a statement.
He did not detail the issues but he said he “fully” supported “the president’s agenda … to modernize and rebuild our Navy and Marine Corps.”
Bilden’s withdrawal comes after billionaire investor Vincent Viola dropped out from becoming Army secretary after he decided his extensive financial holdings would hamper his ability to win Senate confirmation.’
Read more: Another Trump nominee withdraws nomination to top national security post due to business interests