Rangel's deal: what is it? UPDATE

  Now word there is no deal.
  We have to wait a few hours to see what's in it. It better not just be a resignation of committee appointments. He needs at least to resign Congress, pay penalties and back taxes. No less. Obviously the democrats are doing this to appear to be purging the cess out of their midst. It is appalling that a person in Congress can abuse his country this way for so many years. And HE'S humiliated? That's all?

It's the culmination of two years of scandal for the 20-term Democratic lawmaker. At issue is whether the former head of the House Ways and Means committee will admit to any serious ethical wrongdoing. Rangel is being charged with misusing his office for fundraising, failure to disclose income, belated payment of taxes and possible help with a tax shelter for a company whose chief executive was a major donor.