Campaign Funds, Representative | featured news

Federal investigators are probing allegations that Rep. Michele Bachmann, or members of her staff, inappropriately used money raised during her presidential campaign, her lawyer and former campaign staffers said today.

Former U.S. Rep. Jesse Jackson Jr. has been charged with spending $750,000 in campaign funds on personal expenses. His wife was charged with filing false income tax forms....

...Jackson is discussing a plea deal with the Justice Department, which is investigating his alleged use of campaign funds to decorate his house and buy a $40,000 Rolex for a female friend. Jackson won reelection last week with more than 60 percent of the vote. A plea deal could require jail time and his resignation, according to reports.

CBS News reported the Illinois Democrat is working on a deal stemming from allegations he misused campaign funds.