It turns out the Teflon Reverend, Al Sharpton, won't be indicted on federal tax charges after all. The feds have dropped their probe of Sharpton and his organization, the National Action Network, in exchange for a promise from Sharpton to pay a tax settlement of somewhere between $2 million and $9 million.

Prosecutors have officially and, I'd bet a million of that tax money, grudgingly, handed the matter over to the IRS. [NYDN]