Eliot Spitzer, enmeshed in a federal investigation of a prostitution ring, will resign as governor of New York, likely within the next 2 days, CBS 2 in New York reports. Spitzer held a press conference today to apologize but didn't indicate what he was apologizing for and gave no indication of his plans. He has hired a high-powered New York law firm.
Meanwhile, Lt. Gov. David Paterson spoke with a state legislator who said the conversation left him with the impression a move was "forthcoming." Spitzer made his straight-arrow reputation as New York's crusading attorney general, light-years away from allegations that he is "Client 9" on the wiretap transcripts released yesterday, who arranged payment for a prostitute's services by saying, "Yup, same as in the past, no question about it." (Read more sex scandal stories.)