Looks as if Lance Armstrong will lose it all

[Route 66]

Lance Armstrong effectively surrendered his seven Tour de France titles Thursday, announcing he was giving up his years-long fight against accusations that he cheated to repeatedly win cycling's greatest race.

U.S. Anti-Doping Agency Chief Executive Travis Tygart said late Thursday he was still waiting to hear directly from Armstrong but added that the cyclist's decision not to proceed in an arbitration process will leave Armstrong stripped of all of his Tour titles and 2000 Olympic bronze medal and result in a lifetime competition ban.