UPDATE: GOP rules will force Delay to resign his post as Majority Leader!
From CNN.com, breaking news:
House Majority Leader Tom DeLay indicted on one count of criminal conspiracy by Texas grand jury, according to Travis County clerk's office.More from the Austin American-Statesman:
A Travis County grand jury today indicted U.S. House Majority Leader Tom DeLay on one count of criminal conspiracy, jeopardizing the Sugar Land Republican's leadership role as the second most powerful Texan in Washington, D.C.
The charge, a state jail felony punishable by up to two years incarceration, stems from his role with his political committee, Texans for a Republican Majority, a now-defunct organization that already had been indicted on charges of illegally using corporate money during the 2002 legislative elections.
The grand jury, however, took no action against Texas House Speaker Tom Craddick, Texas Association of Business President Bill Hammond or state Reps. Dianne Delisi and Beverly Woolley, both of whom sit on the political committee's board, for their roles in the election.
The grand jury's term ended today.
Delay's defense team will hold a press conference in Austin later this afternoon. The team includes defense attorneys Bill White and Steve Brittain of Austin and Dick DeGuerin of Houston.
State law bans corporate money being spent in connection with political campaigns and Travis County District Attorney Ronnie Earle, a Democrat, has spent almost three years investigating whether Republican groups and their business allies violated that ban. The groups helped elect a Republican majority to the state Legislature which, in turn, drew new Congressional districts that benefited Republican candidates.
DeLay and his associates insisted the corporate money was legally spent on committee overhead or issue advertising and not campaign-related activity.
An indictment does not force DeLay to resign as a member of Congress, but the GOP's rules demand that he resign his post as majority leader as he fights the charges. Congressional Republicans earlier tried to drop that requirement, citing Earle's investigation as a political vendetta, but they ultimately maintained the rule after withering criticism....
