Report: Rangel Cuts a Deal

Sounds like someone could use a vacation to his tax-free Caribbean beach house: Rep. Charlie Rangel (D-NY) has cut a deal with a House ethics panel to avoid a public trial. According to local news, Rangel will admit to ethics violations and the terms of the deal will be fully released Thursday afternoon; he is not expected to resign or give up his re-election campaign. A House ethics panel, meanwhile, unveiled 13 charges against Rangel, including that he improperly solicited money from corporate officials and lobbyists; failed to disclose hundreds of thousands of dollars in income; and never paid taxes on his Dominican home. It's unclear how many of those charges Rangel will admit to as part of the deal, and the House panel has not yet agreed to the settlement.