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'Scooter' Libby guilty on four of five counts

Libby was convicted of obstruction of justice, making a false statement and two counts of perjury and faces a maximum sentence of 25 years in prison and a fine of $1 million.

The question now is will he be pardoned? More on this story later.

UPDATE: Harry Reid calls on Bush to pledge NOT to pardon Libby:

I welcome the jury's verdict. It's about time someone in the Bush Administration has been held accountable for the campaign to manipulate intelligence and discredit war critics. Lewis Libby has been convicted of perjury, but his trial revealed deeper truths about Vice President Cheney's role in this sordid affair. Now President Bush must pledge not to pardon Libby for his criminal conduct.

VIA ThinkProgress

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