Cold Cash Jefferson to be Indicted

Well, it's about time. The authorities have finally gotten around to indicting William "Cold Cash" Jefferson, the corrupt Democrat from Louisiana.

Sources tell CBS News that authorities are seeking an indictment against Congressman William Jefferson, D-La., on more than a dozen counts involving public corruption.

Jefferson has been the subject of a ongoing probe in which FBI agents allegedly found more than $90,000 in cash in his freezer in August 2005.

CBS News correspondent Bob Orr reports that the Justice Department is expected to unveil the charges later today.

This was the latest development in the 16-month international investigation of Jefferson, who allegedly accepted $100,000 from a telecommunications businessman, $90,000 of which was later recovered from a freezer in the congressman's Louisiana home.

Last year prosecutors and the FBI seized nearly 19,000 pages of documents and electronic files from his office.

No doubt his fellow Democrats will be rushing to the microphones demanding he step down.