Secretary of State Colin Powell announced his resignation to his staff during their Monday morning meeting, a State Department source told FOX News.My money is on Rice...unless Rumsfeld is also on the way out too and she wants Defense...
President Bush is expected to make the official announcement. The source suggested that Powell is likely to stay in place until a replacement is confirmed.
Several people have been named as a replacement, including Deputy Secretary of State Richard Armitage and National Security Adviser Condoleezza Rice. FOX News contributor and former ambassador Mark Ginsberg said Deputy Secretary of Defense Paul Wolfowitz may also want the job, but could face trouble getting confirmed because of the troubles in Iraq that he takes the blame for. Sen. Richard Lugar, chairman of the Senate Foreign Relations Committee, is also a darkhorse for the job, Ginsberg said.
Rumors continue to swirl around Energy Secretary Spencer Abraham as well...