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As part of a plea agreement, prosecutors recommended that Mr. Jackson receive a sentence of 46 to 57 months in prison. A sentencing hearing is scheduled for June 28.
"For years I lived off my campaign," said Mr. Jackson, 47, in response to questions from the judge, Robert L. Wilkins of Federal District Court, about the plea. "I used money I shouldn't have used for personal purposes."
At one point during the hearing, the judge stopped his questioning of Mr. Jackson, who was crying, so that Mr. Jackson could be given a tissue.
"Guilty your honor -- I misled the American people," Mr. Jackson said when asked whether he would accept his plea. His father, the Rev. Jesse L. Jackson, his mother and several brothers and sisters accompanied him at the hearing.
Mr. Jackson's wife, Sandi, who also accompanied him in court, is expected to plead guilty later on Wednesday to a charge that she filed false income tax statements during the time that Mr. Jackson was dipping into his campaign coffers.
After his plea hearing, Mr. Jackson did not address members of the media. But his lawyer, Reid H. Weingarten, did, saying that his client had to "come to terms with his misconduct."
Mr. Weingarten said that Mr. Jackson had serious health issues that "directly related" to his conduct in the case.
Last summer, Mr. Jackson took a medical leave from Congress and was later treated for bipolar disorder. After winning re-election in November, he resigned, citing his health and the federal investigation.
"That's not an excuse, it's just a fact," said Mr. Weingarten.
Mr. Jackson's condition has improved, Mr. Weingarten said, giving him optimism about Mr. Jackson's future.
The plea is yet another chapter in the downward spiral of Mr. Jackson's career.
Elected to Congress in 1995 at age of 30 from a district on the South Side of Chicago, where he had grown up, Mr. Jackson was once one of the prominent young African-American politicians in the country, working on issues related to health care and education for the poor.
Source: The New York Times | MICHAEL S. SCHMIDT