The Nation: The Republican Party's once-copious political capital is quickly eroding. As we go to press, House majority leader Tom DeLay has just been indicted by a Texas grand jury on one count of criminal conspiracy in a fast-moving money-laundering case. "I have notified the speaker that I will temporarily step aside from my position as majority leader," DeLay said in a statement following the stunning final day of the grand jury's term. The Republican Party's go-to guy, famously nicknamed "The Hammer," finally got whacked.