I respect the jury's verdict. But I have concluded that the prison sentence given to Mr. Libby is excessive. Therefore, I am commuting the portion of Mr. Libby's sentence that required him to spend 30 months in prison.
  My decision to commute his prison sentence leaves in place a harsh punishment for Mr. Libby. The reputation he gained through his years of public service and professional work in the legal community is forever damaged. His wife and young children have also suffered immensely. He will remain on probation. The significant fines imposed by the judge will remain in effect. The consequences of his felony conviction on his former life as a lawyer, public servant and private citizen will be long-lasting.

  President Bush on Tuesday refused to rule out an eventual pardon for former White House aide I. Lewis "Scooter" Libby.
  "As to the future, I rule nothing in and nothing out," the president said a day after commuting Libby's 2 1/2-year prison term in the CIA leak case.