Pope Benedict XVI to Resign

From WSJ:

ROME—Pope Benedict XVI intends to resign at the end of this month as he feels he lacks the energy to continue in the job, his spokesman said Monday.

The pontiff announced his plans in the Vatican in Latin at a consistory meeting on Monday, the spokesman said.

The resignation, which will be effective at 1900 GMT on Feb. 28, means that a new pope should be in place by Easter.