The rumors are true:
http://www.breitbart.com/article.php?id=D97RIT0G0&show_article=1Snippet:
Veteran Republican Sen. Arlen Specter disclosed plans Tuesday to switch parties, a move intended to boost his chances of winning re-election next year that will also push Democrats closer to a 60-vote filibuster-resistant majority.
"I now find my political philosophy more in line with Democrats than Republicans," Specter said in a statement posted on a Web site devoted to Pennsylvania politics and confirmed by his office. Several Senate officials said a formal announcement could come later in the day or Wednesday.
It was actually announced on CNN as a done deal just now, but I couldn't find a link that was dated today (yet).
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"When the debate is lost, slander becomes the tool of the loser." - Socrates
Vita contingit, Vive cum eo. (Life Happens, Live With it.)
"Life is not measured by the number of breaths we take, but by the moments that take our breath away." -- author unknown
"De omnibus dubitandum"