WASHINGTON (CNN) – Gov. Sarah Palin announced Friday that she will step down as Alaska's chief executive by the end of the month. She will not seek election to a second gubernatorial term in 2010.
Palin, a Republican, was elected governor in 2006. She was tapped as Arizona Sen. John McCain's vice presidential running mate last year.
Palin said she was transferring authority to Lt. Gov. Sean Parnell, who will be sworn in on July 26.
"People who know me know that besides faith and family, nothing's more important to me than our beloved Alaska," Palin said at an announcement from her home in Wasilla.
"Serving her people is the greatest honor I could imagine."
Palin added in a statement that she was "determined to take the right path for Alaska even though it is not the easiest path. ... Once I decided not to run for re-election, I also felt that to embrace the conventional 'Lame Duck' status in this particular climate would just be another dose of 'politics as usual,' something I campaigned against and will always oppose."
A Republican source close to Palin's political team told CNN's John King that it was a "calculation" she made that "it was time to move on."
The governor's "book deal and other issues" were "causing a lot of friction up" in her home state, the source said, adding that he believes that she is "mapping out a path to 2012."
Another source, speaking on the condition of anonymity, said that Palin "thinks she has accomplished goals she has set forward. ... She sees what a positive influence she has had on people's lives from traveling the country in the last year."
As the 2008 GOP vice presidential nominee, Palin has been considered one of the front-runners for the next GOP presidential nomination. Her decision not to seek another term as governor is sure to stoke speculation that Palin is seriously eyeing a run for the White House.
In an interview last month with CNN's Wolf Blitzer, Palin said she was unsure about her re-election bid because she needed to focus on her state and her family.
"So, no decision yet on either 2010 or let alone 2012?" Blitzer asked.
"No decision that I'd want to announce today," Palin responded.
– CNN's Peter Hamby, John King, Mark Preston, and Alan Silverleib contributed to this report.
(Updated at 4:45 p.m. with additional information)
And now the 'running' begins, huh?
Running for President after not completing her first term as a Governor and losing a majority of support in that state due to ethics issues and not 'running' the state while trying to play on a national stage.
And the really stupid thing will really be the number of people that will still support her in this endeavor. Would she, if elected, decide that family is more important than the United States if the going gets tough?
Yeah, *That's* what we need in the White House, huh?
I'm from Georgia and was never really embarrassed by the fact the Newt was from here, I was embarrassed by the fact that enough people kept putting the Grinchrich (intentional) back in office.
That's the way it would be for Palyin' (intentional) in 2012. Enough of her, but what of the 'intelligent' people that would put her there?
CNN, you brave enough to post this one?
What kind of drugs is she on...that resignation speech sounded bi-polar...Wow!!
Great for Alaska!!!
Now she will have loads of time to watch Russia from her front porch. The rest of the country can then breathe easier knowing she is on guard.
What?!?! There is no way she can run for the presidency now, if she can't even finish out her term as governor.
The only thing this chick is good on following through to the end is her pregnancies!
Waiting on the other shoe to drop. Either she's about to be indicted on something or her and the hubby are headed for D-i-v-o-r-c-e
What does it say about our country when people look up to Obama and down on Palin. Six more months of the current administration and hopefully the hate mongers may change their minds. Our country has turned into a land where men act like women and women act like men. Why would they appreciate a class act like Sara Palin!
Zero, go do something useful like read a book ,oh maybe you can not read
StephenRex, funny you should tell someone they don't have the right to free speech the day before independence day, especially after enduring 8 years of Bush.
It took you way too long to get this right. Why did you post the earlier erroneous ticker? I have no problem with you not being first but where did the Sarah Palin will nor seek reelection come from? That story is just wrong.
ya, she is going back to re-take english 101.
Well , we currently have a president who was less than a one term senator living in a politically corrupt state who has zero executive experience and never held a real job in his politically corrupt life and won national office by a slim majority of the people who have a collective IQ equal to my shoe size. Did I mention 2 million people have lost their jobs since he took office? Oh, that's right, it's Bush's fault! It will always be Bush's fault because the democrats are cowards and won't admit their policies stink!.
Zero – get a grip! You are uneducated and racist. He is not an Arab...although I'm guessing you never even met an Arab.
You may think this is what the left-wing haters want..... but she will be back....count on it. She STILL has more experience and is more qualified to be the President than Barack.
Doesn't she know that Michael Jackson is dead, how dare her take up CNN coverage!
Wow, I'm glad she's not our Governor anymore and that she has pretty much ruined her own chances of winning 2012. As an Alaska I couldn't be happier! Good riddance!
Does she seriously think she can convince people she should be President when she decided to abruptly resign from her old job with no warning for no reason?
Isn't this the same thing she did with some other job she had? It was too hard so she quit, then used it as a big accomplishment.
Best news I've heard in weeks! Hallelujah.
I am sure she will continue her duty's as governor until her term is up. She is giving notice to all others in the state to be prepared to run. So far Palin has beaten all 15 ethic charges and thus she is as clean as any of the other politicians out there. She is tainted though with such vile attacks that it will be difficult to see her run for president. She has my vote if she does, I like her policies, I don't care about how her daughter spends her weekend with so and so.
I thnk it's hilarious that she even thinks she could get the nomination, much less be elected President. Doesn't she realize that she's one of the major reasons McCain lost?!?!
I do not understand this move if she is planning on running. Not seeking a second term makes sense so she can focus on the national stage, but this just makes her look unreliable. Not a fan of this move on her part.
Good riddance to bad rubbish.
She couldn't keep a commitment to the people of the state Alaska for one FULL TERM. Is it the article in Vanity Fair SNL jokes jokes on Letterman or what??? Is she that thin-skinned and if that's the case , what happens in 2012 and she wants to enter into politics again and she shakes her responsibility again for a change for the sake of individual freedoms? Advancing in another direction is politico speak for "I can't do 2 things at once so I need to concentrate on my presidential run in 2012 without the incumbrances or responsibility of Alaskan needs."