Deadline for Zimbabwe's Mugabe to resign passes with no word from President

A deadline set by the party of Robert Mugabe to resign as the country's President has passed without a public statement, as speculation swirls over the veteran leader's next move.

A source with knowledge of negotiations over Mugabe's future told CNN that the President had agreed to terms for his exit and that a letter had been drafted.

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No further details were offered and Mugabe has defied all expectations in the past week of political turmoil. Efforts to end his 37-year rule appeared still be in a state of flux after Mugabe stunned the nation on Sunday night by making a rambling televised statement that unexpectedly did not end in his resignation.

Mugabe's ZANU-PF party, which he co-founded and led for decades, ousted him as party leader on Sunday and gave him an ultimatum -- relinquish the presidency in the next 24 hours or face an impeachment vote in Parliament.

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