Big news in NY:

The powerful speaker of the New York State Assembly, Sheldon Silver, was arrested on federal corruption charges on Thursday and accused of using the power of his office to solicit millions in bribes and kickbacks, according to court documents.

The arrest of Mr. Silver, a Democrat from the Lower East Side of Manhattan who has served as speaker for more than two decades, sent shock waves through the political establishment and upending the new legislative session.

Mr. Silver surrendered to Federal Bureau of Investigation agents early Thursday morning in Lower Manhattan, law enforcement officials said.

Mr. Silver, before entering 26 Federal Plaza, said, “I hope I’ll be vindicated.”