Andrew Puzder, President Trump's pick to head the Labor Department, is withdrawing his name as nominee to the Cabinet position.

"After careful consideration and discussions with my family, I am withdrawing my nomination for Secretary of Labor. I am honored to have been considered by President Donald Trump to lead the Department of Labor and put America's workers and businesses back on a path to sustainable prosperity," he said in a statement (see Puzder's blog).

Puzder's withdrawal will likely affect execution of Trump's order to review the fiduciary rule. Several sources told BenefitsPRO on record last week that a review couldn't be done without a sitting Labor head.

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