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Article updated: 2/15/2013 6:51 PM

Jackson Jr. and wife will plead guilty

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Then-Rep. Jesse Jackson Jr. and his wife, then-Chicago Alderman Sandi Jackson, applaud as President Barack Obama is introduced at Ford Motor Co. plant in Chicago in 2010.

Associated Press

Then-Rep. Jesse Jackson Jr. speaks at a Democratic primary election party last March. The former congressman and his wife, Sandra, were charged Friday with spending $750,000 in campaign funds on personal expenses.

associated press

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In a spectacular fall from political prominence, former U.S. Rep. Jesse Jackson Jr. and his wife agreed Friday to plead guilty to federal charges growing out of what prosecutors said was a scheme to use $750,000 in campaign funds for lavish personal expenses, including a $43,000 gold watch and furs.

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