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rapes of young boys allegedly by a former assistant coach and allegedly covered up or at least ignored by other penn state officials. we get the latest from our mary snow. >> reporter: two days after ousting its president and former coach joe paterno, penn state's board of trustees announced today that it is forming a committee to investigate the failure surrounding the reporting of sex allegations by jerry sandusky. the board of trustees says no resources will be spared. they will have independent counsel and investigative teams saying there are no restrictions on the scope or activ...

Coming he can somehow divert attention from this very important global effort or cause confusion that might possibly throw into doubt what iran has been up to about which i don't think there is any room for doubt, then i don't believe he will have a particularly receptive audience. >> iran has continued to reject international pressure to accept tighter restrictions on its nuclear program. let's go back to lisa monitoring some of the other top stories in "the situation room." what do you have, lisa? >> treasury secretary timny geithner is set to investigate about the root causes of the financi...

Present "your business" on msnbc. hi there, everyone. i'm j.j. ramberg and welcome to your business where we give you tips and advice to help your business grow. treasury secretary timothy geithner talked about a decline? consumer spending and a drop in small business optimism during an appearance before the house small business committee this week. the focus of the hearing was the difficulties small businesses are having getting funding. geithner blamed the recession, specifically citing the impact on construction businesses and community banks. the secretary said the administration is tryi...