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By Victoria Cavaliere (Reuters) - U.S. Representative Michael Grimm of New York, who pleaded guilty last week to a federal felony tax charge, will resign his seat on Jan. 5 because he does not feel he can be completely effective in Congress, he said on Monday. "After much thought and prayer, I have made the very difficult decision to step down from Congress effective January 5th, 2015," Grimm said in a statement provided by a spokesman. "The events which led to this day did not break my spirit, nor the will of the voters. ...Read more...