MSNBC President Phil Griffin made the announcement tonight:

After several days of deliberation and discussion, I have determined that suspending Keith through and including Monday night's program is an appropriate punishment for his violation of our policy. We look forward to having him back on the air Tuesday night.

MSNBC pulled Olbermann off the air on Friday after Politico reported the cable news host had donated $2,400 apiece to three Democrats and noted that “NBC has a rule against employees contributing to political campaigns.”

The suspension though, drew bipartisan scorn.