Sen. Trent Lott, R-Mississippi, intends to resign by the end of the year and join the private sector, sources tell CNN.
Trent Lott, R-Mississippi, is serving his fourth term in the U.S. Senate.
Lott, the No. 2 Republican in the Senate, is expected to make the announcement Monday in Pascagoula, Mississippi.
A senior Republican source close to Lott said one reason for the decision is the new lobbying restrictions on former lawmakers.
A law kicks in on January 1 that forbids lawmakers from lobbying for two years after leaving office. Those who leave by the end of 2007 are covered by the previous law, which demands a wait of only one year.
Lott, the Republican whip, was elected last year to a fourth term in the Senate. His term lasts until 2012.
So the good Senator just couldn't wait till the end of his term to go be a lobbyist. So the people of Mississippi got less than a quarter of the term they voted him in for (and the replacement will be on the very bottom of the seniority ladder). Now it probably is true that they're better off without someone who would leave them high and dry like that but still....
So much for honor and public service and all that claptrap, the man's got money to make.