A story is breaking that New York Governor Eliot Spitzer has revealed to senior staff that he has some involvement in a prostitution ring.

What this will do, if anything, to the current Presidential race is unclear, but it is a startling story.

*Update – There are reports that Spitzer will resign, he’s due to speak any minute now.

**Update – Spitzer spoke briefly, taking no questions, apologized to his family and said that he needed some time to decide what he will do next. No resignation or admission of guilt.

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