Richardson Officially Declares Candidacy

LOS ANGELES (AP) - New Mexico Gov. Bill Richardson vowed to repair the "ravages" of the Bush administration Monday as he formally announced his campaign for the Democratic presidential nomination in prepared remarks.

Richardson said his track record makes him the right person to lead the country through a pivotal time.

"The challenges we face are not acts of God or accidents of fate," Richardson said, according to text of his announcement speech distributed by the campaign.