Sen. Trent Lott (R-MS) is reportedly informing close allies that he plans to resign his Senate seat before the end of the year. NBC reports, “It’s possible a formal announcement of his plans could take place as early as today.” Politico adds, “If he resigns, Lott would become the sixth Republican senator to announce they were stepping down this election cycle.”

UPDATE: Lott was forced from his Senate Majority Leader seat in disgrace in late 2002 after hailing the segregationist platform of former Sen. Strom Thurmond (R-SC). Speaking at a 100th birthday party celebration for Thurmond, Lott said, “I want to say this about my state: When Strom Thurmond ran for president, we voted for him. We’re proud of it. And if the rest of the country had followed our lead, we wouldn’t have had all these problems over all these years, either.” He regained a leadership post after the 2006 midterm elections.
UPDATE II: Lott has “scheduled two news conferences in his home state later in the day.” AP reports, “No reason for Lott’s resignation was given, but according to a congressional official, there is nothing amiss with Lott’s health. The senator has ‘other opportunities’ he plans to pursue, the official said, without elaborating.”
UPDATE III: Lott’s term expires in 2012, therefore a resignation would trigger a special election for a replacement to serve the remainder of his term.
UPDATE IV: “While the exact reason Lott is stepping down before he finishes his term is unknown, the general speculation is that a quick departure immunizes Lott against tougher restrictions in a new lobbying law that takes effect at the end of the year. That law would require Senators to wait two-years before entering the lucrative world of lobbying Congress.”
UPDATE V: Politico reports that Sen. Jon Kyl (R-AZ) plans to run for Senate Minority Whip.
UPDATE VI: “Speculation on who Barbour might pick includes Rep. Charles W. “Chip” Pickering Jr. (R-MS) and Rep. Roger Wicker (R-MS). For Democrats, former Mississippi Attorney General Mike Moore (D) is the most prominent Democrat mentioned as a possible candidate for the seat in 2008.”
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