BREAKING: Sen. Stevens Guilty

Sen. Ted Stevens (R-Alaska) was found guilty this afternoon of felony charges for making false statements. From The Hill: Ted Stevens, the longest-serving Senate Republican in history and patriarch of Alaska politics, was found guilty of felony charges for making false statements. The verdict could spell the end of a 40-year Senate career for a man who rose to be one of the most dominant figures in the upper chamber and who helped transform Alaska in its 50 years of statehood. The verdict was reached after the jury deliberated since Wednesday and found the 84-year-old senator guilty of failing to report more than $250,000 in gifts from Bill Allen, the former head of Veco Corp., and other friends. The jury did not seem to buy the explanation from Stevens that Allen showered him with gifts he didn't want and was unaware of, and that he believed the $160,000 he gave to another contractor covered all costs for the home renovations. Click here for a treasure trove of stories on Sen. Ted Stevens.  UPDATE: Here's the statement from Public Campaign Action Fund's Campaign Money Watch:"Today's verdict confirms what many Alaskans were worried about – that 'Washington' has gotten to their senior senator. But while Ted Stevens has become the latest symbol of an out-of-touch political class in Washington, he is unfortunately just the latest in a long line. Until we clean up Washington and make service in Congress synonymous with public service, we'll continue to see our elected officials conceal their self-interest and see them work on behalf of special interests, lobbyists and campaign donors."