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Oregon Rep. David Wu formally resigned from Congress on Wednesday night, having notified Gov. John Kitzhaber and House Speaker John Boehner. Accused of an “unwanted” sexual encounter with the underage daughter of one of his campaign donors, Wu announced that he was stepping down last week, but said he would wait until the debt-ceiling crisis was resolved before making it official. "However great the honor and engaging the work, there comes a time to hand on the privilege of elected office—and that time has come," he said in a statement.