Katie Couric's Notebook: The Libby Verdict

Hi, everyone.

Big news today: Scooter Libby, Vice President Cheney's former chief of staff, was convicted by a jury of perjury and obstruction of justice. He becomes the highest-ranking White House official to be convicted of a felony since Iran-Contra 20 years ago. He faces up to 30 years behind bars.

The case grew out of an investigation into the illegal leak of CIA analyst Valerie Plame's identity...supposedly as payback for her husband's criticisms of the Iraq war.

This is a BAD day for the White House, when it learned once again that the cover-up can be worse than the crime.

And, for the rest of us, it's an IMPORTANT day, a reminder that revealing the name of a CIA agent is against the law -- and so is lying about it.

As CBS News Legal Analyst Andrew Cohen told us: "This is a day the spinning stopped...when a group of ordinary citizens called to account a high official."

That's a page from my notebook.