Latest News Wires Prospect of prison looms for ex-congressman Jesse Jackson Jr.

Former U.S. Rep. Jesse Jackson Jr. and his wife have agreed to plead guilty to federal charges in an alleged scheme to spend $750,000 in campaign funds on personal items.

By , Associated Press

M. Spencer Green/AP

The prospect of prison looms over former U.S. Rep. Jesse Jackson Jr. and his wife after they agreed to plead guilty to charges in an alleged scheme to spend $750,000 in campaign funds on personal items — including furs, a gold watch, a football signed by U.S. presidents and even a hat once owned by Michael Jackson.