First thing this morning, Blago's legal team reacted, asking Judge James Zagel to put the trial on hold until Monday or Tuesday so they could "digest" the decision. Zagel denied their request.

The charges against Blagojevich include several counts of honest services fraud. The law is based around the idea that citizens have an "intangible" right to the honest services of their politicians and others.

Here's the AP story:

ASSOCIATED PRESS and STAFF REPORTS

WASHINGTON (AP) -- The Supreme Court has sided with former Enron CEO Jeffrey Skilling in limiting the use of a federal fraud law that has been a favorite of white-collar crime prosecutors.

The court said Thursday that the "honest services" law could not be used in convicting Skilling for his role in the collapse of Enron. But Justice Ruth Bader Ginsburg said in her majority opinion that the ruling does not necessarily require Skilling's conviction to be overturned.

Former governor Rod Blagojevich was originally charged under the 'honest services' fraud law but was re-indicted in anticipation of the Supreme Court limiting use of the law.

During arguments on this case last December, several justices seemed inclined to limit prosecutors' use of this law, which critics have said is vague and has been used to make a crime out of mistakes and minor transgressions in the business and political world.

The court, at the same time, rejected Skilling's claim that he did not get a fair trial in Houston because of harshly critical publicity that surrounded the case in Enron's hometown.