Reliable Source: Former Rep. Jesse Jackson refinances D.C. home to pay debt

Just like lots of Americans, former Rep. Jesse Jackson, Jr., is dipping into the value of his home to pay off debts. But unlike other folks who refi in order to finance the kids' college tuition, say, or a nice vacation, Jackson told the U.S. District Court in D.C. that he is refinancing his home to pay the $550,000 balance of the $750,000 he was ordered to pay as part of his conviction on political corruption charges.