Jesse Jackson Jr., wife agree to plead guilty

UPDATED 23:16 PM EST, February 15, 2013

WASHINGTON (AP) — In a spectacular fall from political prominence, former U.S. Rep. Jesse Jackson Jr. and his wife agreed Friday to plead guilty to federal charges growing out of what prosecutors said was a scheme to use $750,000 in campaign funds for lavish personal expenses, including a $43,000 gold watch and furs.

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