Spitzer to resign today, effective Monday

Lawyers say Spitzer has drawn up a resignation letter, but mapping out details
March 12, 2008 7:40:05 AM PDT
New York Gov. Eliot Spitzer will resign effective Monday, completing a stunning fall from power after he was nationally disgraced by links to a high-priced prostitution ring, according to a state official who spoke on condition of anonymity because the announcement has not been made.Spitzer is scheduled to announce his resignation at 11:30 a.m., according to a second top Spitzer staffer.

There has been increasing pressure on him to resign -- as we learn more about the sex scandal that has brought about his fall from grace.

Eyewitness News reporter Lisa Colagrossi has the latest on the wating game.

What seems to be holding things up is the on-going negotiations with federal prosecutors. At issue -- whether or not the governor must plead guilty to criminal charges. And how much time, if any, Eliot Spitzer should spend in prison.

His lawyers say Spitzer's resignation letter is written, but he remains determined to negotiate the terms of his resignation.

"Today I want to briefly address a private matter. I have acted in a way that violates my obligations to my family and violates my, or any, sense of right and wrong. I apologize first and most importantly to my family. I apologize to the public, whom I promised better," Gov. Spitzer said in a news conference on Monday.

The governor's admissions have left his staff shellshocked -- while in Albany -- lawmakers are said to be walking around like zombies -- the legislative process in chaos.

Republicans issued a 48 hour warning to Spitzer -- resign or be impeached -- and the clock on that ultimatum runs-out tonight.

Lt. Governor Paterson has been briefed on state issues -- but he reportedly has had no contact with Governor Spitzer since noon on Monday.

The state budget is due April 1st -- and the Spitzer sex scandal has derailed negotiations with the leaders of both the senate and the assembly.

"Frankly, I am just so troubled for the family, I feel so badly for the family....You wouldn't wish this on anybody," Senate Majority Leader Joseph Bruno said.

"I think everyone was shocked by the revelations...It is what it is and we'll see how the governor deals with it and what else comes out," said Assembly Speaker Sheldon Silver.

There are reports the governor's wife is opposed to any resignation. But remaining in office may not be an option.

"I hope the governor loves his family and the state enough to do the right thing and resign, so we can get a governor in place and we don't have to call for those articles of impeachment," said Assembly Republican leader James Tedisco.

Published reports say it's extremely intense inside the Spitzer household. In fact, the governor and his wife are spending time in separate rooms. She reportedly doesn't even want to see him.