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Penn State Scandal: President Graham Spanier Out By End Of Day, According To Report

Penn State University president Graham Spanier will either resign or be voted out of his position by the end of Wednesday amid scandal, a source close to the board of trustees told the Lehigh Valley Express-Times.

According to grand jury testimony, Spanier received knowledge nine years ago of an alleged sexual assault incident that occurred between former Penn State defensive coordinator Jerry Sandusky and a young boy in the showers of the school's football locker room. Spanier declined to involve police in the matter, according to the testimony. He has been under criticism, although he has not been charged with a crime.

The university will likely hire an interim president to replace Spanier, most likely the executive vice president and provost Rodney A. Erickson, a source told the Express-Times. The school will then begin a national search for a permanent replacement.

Penn State football coach Paterno announced Wednesday morning that he will retire at season's end.

-- For developing coverage on the Penn State scandal, visit our StoryStream.