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DeLay Indicted in Campaign Finance Probe

By LARRY MARGASAK, Associated Press Writer 26 minutes ago

WASHINGTON - A Texas grand jury on Wednesday charged Rep.
Tom DeLay and two political associates with conspiracy in a campaign finance scheme, forcing the House majority leader to temporarily relinquish his post.
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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.

"I have notified the speaker that I will temporarily step aside from my position as majority leader pursuant to rules of the House Republican Conference and the actions of the Travis County district attorney today," DeLay said.

The White House, meanwhile, called DeLay a "good ally," and said
President Bush still considered DeLay a friend and effective leader in Congress.

GOP congressional officials said Speaker
Dennis Hastert, R-Ill., will recommend that Rep. David Dreier (news, bio, voting record) of California step into those duties. Some of the duties may go to the GOP whip, Rep. Roy Blunt (news, bio, voting record) of Missouri. The Republican rank and file may meet as early as Wednesday night to act on Hastert's recommendation.

Criminal conspiracy is a state felony punishable by six months to two years in a state jail and a fine of up to $10,000. The potential two-year sentence forces DeLay to step down under House Republican rules.

At the White House, press secretary Scott McClellan said the president still considers DeLay "a good ally, a leader who we have worked closely with to get things done for the American people."

"I think the president's view is that we need to let the legal process work," McClellan said.