BREAKING NEWS: Sarah Palin Resigning as Governor

Jul. 3 2009, Published 8:19 a.m. ET

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Former Republican Vice Presidential candidate Sarah Palin is stepping down as governor of Alaska, has learned.

Palin announced Friday that she intends to resign as Alaska’s chief executive by the end of the month and will not seek a second gubernatorial term in 2010.

Palin, who was elected governor in 2006, was recruited by Arizona Senator John McCain to be his running mate in the 2008 presidential election.

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The Republican governor said she plans to transfer authority to Lt Gov. Sean Parnell, who will be sworn in on July 25.

"She thinks she has accomplished goals she has set forward," a source told CNN.  "She sees what a positive influence she has had on people's lives from traveling the country in the last year."



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