The New York Post and CNN are reporting that Gov. Eliot Spitzer will hold a news conference at 11:30 a.m. (Eastern) where he will announce his resignation.
Gov. Eliot Spitzer has decided to resign and is notifying top state officials of his decision, The Post has learned.
Word began circulating of his decision in state political circles earlier this morning. The decision came after what one source called "an agonizing night," as the governor's wife, Silda Wall Spitzer, and the governor's lawyers went over a possible plea deal offered by federal prosecutors, sources told The Post.
Lt. Gov. David Paterson, who has remained at his suburban Albany home for the past three days, was expected to be notified of Spitzer's decision this morning.
Sources said Paterson has told friends that if he does become governor, he would like Sptizer to hold off his resignation until Monday to give him enough time to prepare for a transition. He will be the first black governor of New York.
The Associated Press reported that Spitzer will announce at 11:30 a.m. that his resignation will be effective Monday.