I've been watching to see if President Bush will offer executive clemency to current or former executive branch employees, and if this AP story is accurate, it looks like he won't. In the story about commuting the sentences of two former border agents, the AP describes the commutations as Bush's "final acts of clemency." It continues, with my emphasis added:

Bush technically has until noon on Tuesday when President-elect Barack Obama is sworn into office to exercise his executive pardon authority, but presidential advisers said no more were forthcoming.

(h/t Howard)