Jesse Jackson Jr. Pleads Guilty To Campaign Finance Fraud

Former Chicago Congressman Jesse Jackson Jr. is headed to prison for campaign finance fraud.  Jackson told a federal judge in Washington, DC he understood the consequences of his actions for using $750,000 in campaign funds on personal expenses. 

Those include repairs to his DC home, a Rolex watch, clothes and credit card debt.  Jackson resigned from Congress last November after missing several months due to treatment of bipolar disorder.  His wife, ex-Chicago Alderman Sandi Jackson, is expected to plead guilty today to tax fraud.