Rice withdraws from Secretary of State consideration

U.N. ambassador Susan Rice is officially withdrawing her name from consideration to replace Hillary Clinton as Secretary of State, CBS News has learned.

Rice, who was considered a top contender for the position, has been embroiled recently in ongoing controversy surrounding her account of the September 11 Libya attacks, which she discussed in a series of talk show appearances on September 16.

In a statement, President Obama acknowledged that he had "accepted" Rice's decision to remove her name from consideration, and expressed "every confidence" in her ability to "serve our country now and in the years to come."

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Rice withdraws from Secretary of State consideration