Jorge Bergoglio, the 76-year-old archbishop of Buenos Aires, Argentina, has been elected as pope. He is the first Latin American to lead the Catholic Church. Bergoglio, who has taken the name Francis I, is also the first Jesuit priest to become pope.
Wednesday morning's vote at the papal conclave at the Vatican led to black smoke rising from the Sistine Chapel chimney, meaning no new pope after the cardinals' second vote.
In stunning news, Pope Benedict XVI announced Monday morning from the Vatican that he will resign his position as head of the Catholic Church, effective on February 28. This has already set off a flurry of speculation, largely because no pope has voluntarily done so since the year 1415.
The news is still coming in, but here's what we know so far:
For the first time in nearly 600 years, the head of the Catholic Church is resigning. Pope Benedict XVI announced the decision in Latin in Rome early Monday morning.