Sarah Palin To Resign As Alaska Governor

At Hastily Convened Press Conference Says She Will Not Run for 2nd Term, Mum On Future Plans

(CBS) Last Updated 3:44 p.m. ET.

Sarah Palin has announced that she will resign as governor of Alaska and will not seek a second term.

CBS Affiliate KTVA reports that at a press conference this morning Palin said she will resign the governorship within a few weeks.

CBSNews.com producer Scott Conroy, who covered Palin's vice presidential campaign last year, confirmed through a source close to the governor said she is leaving office.

Earlier today, a holiday, Palin sent out an early morning press release indicating that she would be making an announcement from her home in Wasilla.

Joining Palin were her parents, family and state commissioners.

Palin said that power will be transferred to Lt. Governor Sean Parnell, who will be sworn in during the upcoming governor's picnic in Fairbanks.

She did not field questions, and would not give any indications about her future plans.

Palin Announcement Forthcoming

Posted by David S Morgan

The office of Alaska Governor Sarah Palin issued a press release today saying she will make an announcement from her home in Wasilla today at 11:00 a.m. local time (3:00 p.m. ET).

There was no indication as to the topic of the announcement.

CBSNews.com producer Scott Conroy, who covered Palin's vice presidential campaign last year, said it is rare that Palin sends a press release out nationally.