Monti to Resign Today After Italy Budget Law Is Passed

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Italian Prime Minister Mario Monti will resign today after the budget bill gets final approval by parliament, a person familiar with the situation said.

Monti will tender his resignation to Italian President Giorgio Napolitano after Parliament approves the budget legislation, said the person, who asked not to be named before an announcement is made. The Cabinet will meet at 7 p.m. in Rome, Monti’s office said today in an e-mailed statement.