Ruling Party Concedes Presidential Election

Honduras' ruling-party candidate for president conceded defeat, even though official results were still unavailable 10 days after the election.

The move by the National Party of Honduras' Porfirio "Pepe" Lobo Sosa clears the way for Manuel Zelaya of the Liberal Party to be president-elect.

With nearly 90% of the votes counted, Zelaya had almost 50% and Lobo more than 46%.