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Paul Wolfowitz will resign as president of the World Bank, effective June 30. He continued to insist that he behaved ethically while arranging a major raise for his girlfriend, but an internal investigation at the bank found otherwise.

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The Bush administration is pushing to save World Bank President Paul Wolfowitz's job after a committee comprised of seven of the bank's 24 board members released a 52-page report slamming Wolfowitz for his "questionable judgment and a preoccupation with self-interest," primarily for using his position to advance that of his girlfriend.

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As head of the World Bank, Paul Wolfowitz cut off funding to nations he deemed corrupt -- but then corruptly rewarded his girlfriend, Shaha Riza, with a plum job. Now he's feeling pressure to resign from higher-ups within the organization.

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