Jesse Jackson Jr. Reportedly Talking Plea Deal with Feds

Probed for misusing campaign funds for such things as buying a Rolex watch

Sneed has learned U.S. Rep. Jesse Jackson Jr., who handily won re-election Tuesday despite a lengthy stay at Mayo Clinic for depression and bipolar disorder, is in the midst of plea discussions with the feds probing his alleged misuse of campaign funds.

"No one has pled guilty, but plea discussions are ongoing," said a top Sneed source, who said Jackson is still undergoing treatment at Mayo Clinic.

Sneed is also told Jackson, who returned to Mayo Clinic after undergoing outpatient treatment in the seclusion of his home in Washington, D.C., is not only being investigated for allegedly using campaign funds to decorate his Washington home — but also Sneed hears he may also have used campaign funds to buy a $40,000 Rolex watch as a gift for a female friend.