From NBC's Pete Williams, Mike Kosnar, and Mark Murray

A jury found Alaska Sen. Ted Stevens (R) guilty on all seven counts in his federal corruption trial. He was convicted of lying about $250,000 of gifts and renovations on his Alaska home.

Video: Alaska's Sen. Ted Stevens has been found guilty on seven counts of making false statements. NBC's Pete Williams reports.

This conviction boosts the prospects of Anchorage Mayor Mark Begich (D) defeating Stevens in next week's Senate race.