Breaking news from Detroit.  The embattled Mayor is resigning -- and will plead guilty to felony charges:

Detroit Mayor Kwame Kilpatrick's tenure as mayor of Detroit is over. He just entered into a plea agreement, according to prosecutor Lisa Lindsey.

The deal calls for Kilpatrick to plead guilty to two felony counts of obstruction of justice by committing perjury, agreeing to serve four months in jail, pay up to $1 million in restitution, and serve five years' probation. He also agreed not to run for office during that five-year span.

The mayor will turn over his state pension to the City of Detroit, which paid $8.4 million to settle two whistle-blower lawsuits three former cops filed against the city. The mayor was charged with eight felony counts ranging from conspiracy to perjury to misconduct in office to obstruction of justice after the Free Press revealed that the mayor lied on the witness stand during a police whistle-blower trial and gave misleading testimony about whether he intended to fire a deputy police chief investigating allegations of wrongdoing by members of his inner circle.