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.
Palin made the 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.
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