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GOP Rep Bob Ney Pleads Guilty

Good news:
Rep. Bob Ney pleaded guilty Friday in the Jack Abramoff influence-peddling investigation, the first lawmaker to confess to crimes in an election-year scandal that has stained the Republican-controlled Congress and the Bush administration.

Standing before Judge Ellen S. Huvelle, Ney pleaded guilty to conspiracy and making false statements. He acknowledged taking money, gifts and favors in return for official actions on behalf of Abramoff and his clients.

Ney did not immediately resign from Congress, and within minutes, Republican and Democratic leaders vowed to expel him unless he steps down. The White House also called for Ney's resignation.
And bad news:
Air America Radio, a liberal talk and news radio network that features the comedian Al Franken, has filed for Chapter 11 bankruptcy protection, a network official told The AP.

The network had denied rumors just a month ago that it would file for bankruptcy. On Friday, Air America spokeswoman Jaime Horn told The Associated Press that the filing became necessary only recently after negotiations with a creditor from the company's early days broke down.

The network will stay on the air while it resolves issues with its creditors, Horn said. In addition to Franken, the network also features shows from liberal talk show host Randi Rhodes and Jerry Springer.
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