A reported plea deal is in the works for former Rep. Jesse Jackson Jr., and it involves "significant jail time."
Chicago Sun-Times columnist Michael Sneed reports the deal offered up by federal prosecutors is being considered by Jackson, who has been under investigation for months because of alleged misuse of campaign funds. Sneed reported in November that Jackson has been active in the probe against him and has told the feds everything he knows.
A source close to the investigation told Sneed this week that "significant" time in a federal prison is definitely part of the deal.
The deal comes after news broke Monday that federal investigators also are taking an independent look at the finances of Jackson's wife, former Chicago Ald. Sandi Jackson.
Sandi Jackson was asked by Illinois' State Board of Elections to explain a $69,000 discrepancy between her campaign finance reports and those of her husband. The former alderman told NBCChicago in December she blamed the conflict on clerical errors made by transitioning staff members and said amendments to her reports were being made.
Jackson resigned late last year as Illinois' 2nd District Congressman amid a federal probe and after months away from his political duties as his staff said he battled bipolar depression.
Less than two months later, Sandi Jackson stepped down effective Jan. 15 as alderman for the 7th Ward.