CBS: Charlie Rangel strikes settlement on ethics violations

Democratic Rep. Charlie Rangel has reportedly struck a deal to admit to ethics violations in order to avoid a public House trial, WCBS reports.

Details are expected to be released Thursday afternoon, when the first House panel meets to prepare for the potential trial.

UPDATE: CBS has since reported that the deal Rangel initially had in place for a settlement has gone sour, when Republican House members requested concessions that Rangel reportedly would not agree to.