President Barack Obama announces his nominee for the Federal Housing Finance Agency, Rep. Mel Watt, D-N.C., Wednesday, May 1, in the State Dining of the White House in Washington. (AP Photo/Jacquelyn Martin) WASHINGTON (AP) —President Barack Obama on Wednesday tapped a veteran Democratic congressman to lead the Federal Housing Finance Agency and a top fundraiser and former lobbyist to head up the Federal Communications Commission.
PLEAD GUILTY–Former Illinois Rep. Jesse Jackson Jr. and his wife Sandi leave the E. Barrett Prettyman Federal Courthouse in Washington, Wednesday, Feb. 20. (AP Photo/Evan Vucci) by Carol Cratty and Tom Cohen CNN Writers WASHINGTON (CNN) — With moist eyes and soft voices, former U.S. Rep. Jesse Jackson Jr. and his wife pleaded guilty to federal charges on Wednesday related to years of using campaign funds for personal expenses that included purchases of Michael Jackson memorabilia and a Rolex watch.
SON OF CIVIL RIGHTS ICON–In this Oct. 16, 2011 photo, Rep. Jesse Jackson, Jr., D-Ill., attends the dedication of the Martin Luther King Jr.…