3 July 2009 1:35 PM, PDT | PEOPLE.com | See recent PEOPLE.com news »

Sarah Palin announced Friday that she will resign as Alaska governor later this month. She made no mention of pursuing another office, but her sudden move sparked speculation she is considering a run for the U.S. Senate or for the presidency. "It hurts to make this choice but I'm doing what's best for Alaska," she said in a speech from the backyard of her home in Wasilla, with her husband Todd and children, Piper, Bristol and Willow, at her side. "You can effect change from the outside, and I can too." She also said that her year-old son Trig, »

- Lorenzo Benet

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