JEANNE MESERVE, CNN ANCHOR: News of an accommodation between Independent Counsel Robert Ray and President Clinton on this day before he leaves office. We go down to Bob Franken on Capitol Hill with some new information -- Bob.</s>BOB FRANKEN, CNN NATIONAL CORRESPONDENT: New information, Jeanne. First of all, the admission by President Clinton will not just be that there was wrongdoing, but that he knowingly misled the public and investigators when he made the claims that he did about the Paula Jones matter. Key word here is "knowingly." Secondly, I mentioned a moment ago, if you were watching our coverage, that this was done partly in the context of disbarment proceedings that were proceeding against the president in Arkansas where he is a lawyer, still at least officially a lawyer. And that was a matter that had come up after a federal judge had suggested that they consider some sort of legal sanctions against him. Part of this deal will include President Clinton accepting a suspension of his law license in Arkansas -- not disbarment, but a suspension of his law license. That information comes from very knowledgeable sources who are close to the investigation. In return, he will admit that he was knowingly -- knowingly misled investigators, which was the investigation, of course, that was leading to the possibility that the independent counsel would bring an indictment against President Clinton after he'd become president. So we now know that he is going to admit he knowingly misled investigators, and that, as part of this, will accept a suspension of his law license. The announcement, by the way -- there is an announcement expected at the independent counsel's office in downtown Washington by Independent Counsel Bob Ray sometime after 2:00. So this is a deal now that has been finalized, and now all they're doing is going through the choreography of making these announcements and ending a major saga of the Clinton presidency as the Clinton presidency comes to an end.</s>MESERVE: Bob Franken on Capitol Hill, thank you. And speaking of the choreography, one quick correction here. We had said the White House would be speaking about this at 1:00. The hour is 2:00. Stay with CNN for more on this story.
President Clinton Reaches Deal With Independent Counsel on Whitewater