The networks are reporting that Osama bin Laden is dead and that the United States is in possession of his body. President Obama is expected to make a statement at any moment now.
Update: It is official. President Barack Obama just announced to the nation and to the world that Osama bin Laden was killed in a CIA operation in Pakistan. Video of the president’s remarks will be added in the morning.
UPDATE: As promised, here is the video of President Obama’s statement. A complete transcript follows the break.