So much for the 1 pm fireworks. Rangel will reportedly admit to wrongdoing and avoid a trial, according to CBS.
The details of course, will be where the fun is. And how Rangel's four Democratic opponents use this issue going forward, not to mention Republicans.
UPDATE: The Ethics Committee is beginning their hearing right now into Rangel, seeming to indicate that reports of a deal to avoid a trial may have been premature. “Credibility is exactly what is at stake here,” said Rep. Michael McCaul, a Republican from Texas, on the committee said.