Chile's Bachelet asks ministers to resign amid crisis

Chilean President Michelle Bachelet says she has asked all her Cabinet ministers to submit their resignations.

Bachelet said Wednesday night on local Channel 13 that she will decide who stays and who leaves in the next 72 hours. She said the ministers were informed of her decision ahead of the interview with Mario Kreutzberger, better known as Don Francisco, the popular host of "Sabado Gigante."

Bachelet is facing with the lowest approval ratings of her career, and recently acknowledged that corruption scandals have rocked her administration.

Chile's corruption is among the lowest in South America. But trust in politicians and the business elite has been eroded amid a recent bank loan scandal involving Bachelet's son, as well as a campaign financing scandal involving right-wing politicians and a prominent financial company.