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GOP Congressman Michael Grimm Will Resign

Grimm pleaded guilty to tax evasion last week.

Posted on December 29, 2014, at 8:49 p.m. ET

Stephanie Keith / Reuters

New York Republican Rep. Michael Grimm will resign from Congress, two sources confirmed to BuzzFeed News. The news was first reported by the New York Daily News.

The report comes roughly a week after Grimm pleaded guilty to one count of tax evasion.

Back in April, Grimm was charged in a 20 count federal indictment that alleged he misreported roughly $1 million in wages and income from a restaurant he co-owned before entering Congress. In his plea, Grimm also admitted to lying under oath. New York Gov. Andrew Cuomo will need to hold a special election to replace Grimm.

Michael Steel, a spokesman for House Speaker John Boehner, said he could not confirm whether Grimm would resign. An email to Grimm's office was not immediately returned.

Coming out of court last week, Grimm said he wouldn't resign as long as he was "able to serve."

Speaker Boehner issued a statement Tuesday, calling Grimm's decision to step down "honorable."

β€œRep. Grimm made the honorable decision to step down from his seat in Congress. I know it was made with the best interests of his constituents and the institution in mind, and I appreciate his years of service in the House," Boehner said in a statement.