KTVA.com: (h/t Richard)

The IRS and the FBI have exercised a search warrant on the home of Senator Ted Stevens in Girdwood.

Anchorage Daily News:

"All I can say is that agents from the FBI and IRS are currently conducting a search at that residence," said Dave Heller, the assistant special agent in charge of the FBI's Anchorage office. The search began this afternoon, he said. It's the only such search warrant currently being served, he said.

He directed other questions to the U.S. Justice Department's Public Integrity Section in Washington. A spokesman there had no comment.

Federal investigators and a grand jury looking into public corruption in Alaska have been asking questions about a 2000 remodeling project at Stevens' home, particularly the involvement of the oil field services firm Veco.