The U.S. Justice Department has scheduled a news conference for 1:20 p.m.E.T. to make an announcement "regarding a significant criminal matter."
A federal law enforcement official said the news conference would discuss the criminal charges against Stevens.
UPDATE: Stevens was charged on Tuesday with concealing more than $250,000 of gifts, including home renovations, from an Alaska oil services company, the Justice Department said.
The indictment also charged that he received a new vehicle in exchange for an older one worth far less, and household goods such as furniture and a new gas range, the Justice Department said.
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