Per AP and CNN, President Bush has commuted the prison sentence of I. Lewis “Scooter” Libby. Libby will remain on probabtion, all fines must still be paid.

The commutation of the sentence is the right thing to do. Having lost his request for the Appeals Court to stay his sentence pending the outcome of his appeal, earlier today – it appeared Libby was headed off to jail. Some in the press were practically salivating. As this story develops, I will update with links, etc. The White House just released a statement… I’ll go get on it.

Look for Fred Thompson’s detractors to attack this.

— Media Lizzy