Ted Stevens

Closing arguments come this morning in the four-week-long corruption trial of Alaska Republican Senator Ted Stevens. Stevens is charged with the felony offense of lying on his financial disclosure forms about gifts worth more than $250,000.

The trial of U.S. Senator Ted Stevens, R-Alaska, continues. Alaska Public Radio Network’s Libby Casey joins The Takeaway with a wrap-up of this week’s trial developments.

While Sarah Palin gets the spotlight, she’s not the only big political story out of the northernmost state. Alaska’s Ted Stevens, the Senate’s longest serving Republican in office, faces prosecution for major corruption charges. He is also in a tight election fight for his Senate seat against Anchorage mayor Mark Begich.

Senator Ted Stevens, R-Alaska, indicted on seven counts of making false statements by a federal grand jury Tuesday, has represented Alaska for 40 years. Guest: Libby Casey, Alaska Public Radio Network

Senator Ted Stevens has been indicted on seven counts of making false statements. The 84-year-old Alaska Republican and former chair of the Senate Appropriations Committee is accused of falsely reporting hundreds of thousands of dollars in services he received from a company that helped renovate his home.