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The Oregon congressman said Tuesday that he would step down pending "resolution" of the debt-ceiling crisis. The announcement comes after he initially told colleagues he wanted to stay in office until the end of his term in early 2013.
"The time has come to hand on the privilege of high office," Wu said in a statement. "I cannot care for my family the way I wish while serving in Congress and fighting these very serious allegations."
Wu cited the "wellbeing of my children" in announcing his decision. He also said his resignation would "avoid any distraction from the important work at hand in Washington."