Here’s the latest from CNN:
Embattled World Bank President Paul Wolfowitz and the White House were in talks Wednesday afternoon with World Bank officials to work out details of his resignation, senior administration officials told CNN.
Under a proposed agreement, Wolfowitz would leave voluntarily but the World Bank would admit some culpability in the handling of his girlfriend’s transfer to a State Department job, along with a hefty pay increase.
Administration officials told CNN that they expect Wolfowitz to leave “soon,” if not today.
More to come. Stay tuned.