10 things you need to know today: February 21, 2013

Jesse Jackson Jr. pleads guilty, the Pentagon braces for the sequester, and more in our roundup of the stories that are making news and driving opinion

Jesse Jackson Jr. in 2009
(Image credit: Scott Olson/Getty Images)

1. JESSE JACKSON JR. PLEADS GUILTY TO SPENDING CAMPAIGN MONEY ON HIMSELF

Former U.S. Rep. Jesse L. Jackson Jr., an Illinois Democrat, pleaded guilty Wednesday to using $750,000 in campaign money to pay for living expenses and buy everything from a $43,350 Rolex to stuffed animals, elk heads, and fur capes. Jackson's wife, former Chicago alderman Sandi Jackson, also entered a guilty plea to one count of tax fraud connected to the same allegations. Under a plea deal, prosecutors will recommend that Jackson, the son of famed civil rights leader and former Democratic presidential candidate Jesse Jackson, receive a sentence of 46 to 57 months in prison. "Tell everybody back home I'm sorry I let 'em down, OK?" Jackson told reporters. [New York Times, Chicago Tribune]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.