Year of the Pony...Abramoff cops a plea

There's a whole bunch of Republicans on Capitol Hill who wish they'd brought along a change of underwear this morning.

MIAMI (AP) -- Washington lobbyist Jack Abramoff has reached an agreement with federal prosecutors to plead guilty to two criminal charges stemming from the 2000 purchase of a fleet of gambling boats, his attorney said Tuesday.

Abramoff will also agree to cooperate in any ongoing federal investigations in Washington, said his Miami attorney Neal Sonnett. Prosecutors there are investigating several members of Congress who allegedly received favors from Abramoff or his clients.

"Developing," as they say.