CNN is reporting that House Majority Leader Tom DeLay has been indicted by a Texas grand jury on one count of criminal conspiracy.
From the AP:
A Texas grand jury today charged Rep. Tom DeLay and two political associates with conspiracy in a campaign finance scheme, an indictment that could force him to step down as House majority leader.
DeLay attorney Steve Brittain said DeLay was accused of a criminal conspiracy along with two associates, John Colyandro, former executive director of a Texas political action committee formed by DeLay, and Jim Ellis, who heads DeLay’s national political committee.
The indictment against the second-ranking, and most assertive Republican leader came on the final day of the grand jury’s term. It followed earlier indictments of a state political action committee founded by DeLay and three of his political associates.
The Austin American-Statesman gives some great background on the case, in a story published before the indictment, but I think Josh Marshall of Talking Points Memo best sums up what this means for the Republicans:
So let’s see.
House Majority Leader Indicted for Criminal Conspiracy.
Senate Majority Leader the target of an increasingly serious probe of potential insider trading.
Rumors of October Rove indictment in the Plame case.
Is this a problem yet?