More after election breaking news

Jackson, who was easily re-elected to Congress on November 6, may have to resign his seat and serve time.
Jesse Jackson Jr. speaking at the 2008 Democratic National Convention.

CHICAGO - Amid reports that he may have misused campaign funds, Illinois congressman Jesse Jackson Jr. has hired a lawyer to handle negotiations with the federal government on possible plea deal in which he would resign from the House of Representatives and spend time in prison, media said.

CBS 2 television reported on Saturday and Fox News Chicago on Monday, citing an unnamed source, that Jackson hired Dan Webb, a former U.S. attorney in Chicago who represents defendants in high-profile corruption cases to represent the 47-year-old lawmaker.

Both reports said Jackson, who was easily re-elected to Congress on November 6, may have to resign his seat and serve time in prison under terms of the deal being negotiated.

Webb and a spokesman for Jackson did not immediately respond to requests for comment from Reuters.
Last week, the Chicago Sun-Times reported that Jackson was under investigation for allegedly misusing campaign funds to decorate his home and to buy a $40,000 Rolex watch for a female friend. Reuters has not confirmed the report. snip