Ousted state Republican Party chairman Jim Greer was arrested Wednesday and charged with six felony counts of fraud, theft and money laundering in connection with a company he allegedly created to take a cut of the state party's cash.

At a news conference in Orlando, state prosecutor William Shepherd alleged that proceeds from the shell company were "used by Mr. Greer to support his own personal lifestyle."

Shepherd said Greer used Victory Strategies to funnel money from the state Republican Party and to hide his own involvement in using party money.

Bud Chiles, the son of Florida political legend and longtime U.S. Sen. and Gov. Lawton Chiles, is set to make announcement in Tallahassee on Thursday about his political future -- with rumors swirling that he intends to run for governor in the Democratic primary or, possibly, with no party affiliation.

If he does announce, Chiles will join an inordinately long line of politically strong families in recent years who have charmed Sunshine State voters into keeping the dynasty going:

Calling the measure unfriendly to consumers, Gov. Charlie Crist on Tuesday vetoed legislation backed by the insurance industry that, among other things, things would have allowed property insurance companies to more easily raise rates by up to 10 percent a year without going through the lengthy regulatory process.

The odds on close to $1 billion in extra Medicaid money which Florida officials have been banking on for months have gone from looking like a sure thing to what one observer said Tuesday was 50-50 at best.

While Congress is enjoying a scheduled week-long recess, I thought it might be interesting to let the readers of Washington Week know about some congressional committee actions that occurred before Congress left town last Friday, May 28. These committee actions could eventually have a meaningful effect on our lives.

Businesses hoping to escape paying fees for some of the U.S. Small Business Administrations premiere loan programs are at the mercy of Congress.

Bolstering the power and reach of Florida's condominium associations, a new state law allows the groups to collect rent from tenants.

Senate Bill 1196, signed into law Tuesday by Gov. Charlie Crist, empowers condo associations to collect rent money directly from tenants in units of delinquent owners.

When U.S. Attorney General Eric Holder announced that he was meeting with attorneys general from states impacted by the Gulf oil spill, one name was conspicuously absent: Florida Attorney General Bill McCollum, the favorite for the Republican gubernatorial nomination.

"Obama Struggling to Show He's in Control," reads the headline on The Washington Post's story on Barack Obama's Thursday press conference, where most of the questions were about the Gulf oil spill. "Defensive, unauthoritative and equivocal," wrote Congressional Quarterly's Craig Crawford of Obama's performance. "He came across as a beleaguered bureaucrat in damage control."