Herman Cain Bows Out
Herman Cain has withdrawn himself from consideration for one of the two open slots on the Board of the Federal Reserve. The Godfather’s Pizza CEO faced allegations that he sexually harassed two women -- which derailed his 2012 presidential campaign -- and the White House had defended him. And at least three GOP Senators said they would not support Cain’s nomination, essentially sinking his bid. However, in a piece published Monday afternoon by The Western Journal, Cain claimed that none of this influenced his decision to withdraw. He argued that he stepped aside due to the “pay cut” that working in the public sector would bring and the influence he said would lose. “I would have to let go of most of my business interests. I could not serve on any boards. I could not do any paid speeches. I could not advocate on behalf of capitalism, host my radio show or make appearances on Fox Business,” he wrote. "Without getting too specific about how big a pay cut this would be, let’s just say I’m pretty confident that if your boss told you to take a similar pay cut, you’d tell him where to go.” Cain's exit came less than a week after he told the WSJ he was "very committed" to securing the nomination. Trump’s other embattled pick, Stephen Moore, is under renewed fire after comments he made in 2002 suggested that women should have no role in men's college basketball. "Here's the rule change I propose: No more women refs, no women announcers, no women beer venders, no women anything," Moore wrote in a National Review piece. More on Cain here.