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Today's Headlines: Smith's Bribery Scheme Unfolds

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More details have emerged from the arrest of State Sen. Malcolm Smith and Councilman Dan Halloran. Four local Republicans were arrested as well, including the Bronx party chairman and the Queens party vice chairman. Another worked on John Catsimatidis's campaign but has now been fired. All six were charged with wire fraud and bribery. The senator was also charged with extortion. The money from the bribes was to come from state funding secured by Smith for upstate developers - actually an informant and undercover FBI agent - who would then pay the GOP leaders. Halloran was using council discretionary funds. Smith had previously survived a series of scandals and Halloran was hundreds of thousands of dollars in debt. This is just the latest in a series of Albany scandals.

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