As expected, I. Lewis Libby entered a not guilty plea before U.S. District Judge Reggie Walton to the five-count indictment returned by a grand jury last week charging obstruction, false statements, and false declarations (perjury).  Libby also unveiled two new additions to his defense team: Theodore Wells, Jr. from Paul Weiss and William Jeffress, Jr. from Baker & Botts.  Wells successfully defended former Secretary of Argiculture Mike Espy and former Secretary of Labor Ray Donovan, showing that he has worked with high-level officials from both parties.  Jeffress is a long-time litigator at Baker & Botts who clerked for Justice Potter Stewart and has argued before the Supreme Court.  The heavy-hitters have arrived.  An AP story (here) discusses the arraignment.