Video: 'President Reagan's Press Briefing in the Press Room, November 25, 1986'

(Tuesday, November 25, 1986, 12:05 p.m. EST; during the Iran–Contra affair) — U.S. Attorney General Edwin Meese announced today that profits from covert weapons sales to Iran were illegally diverted to the anti-communist Contra rebels in Nicaragua.

On the same day, National Security Advisor John Poindexter resigned, and President Ronald Reagan fired Oliver North, a military aide to the United States National Security Council (NSC).

Video: 'Iran-Contra Investigation: President Ronald Reagan briefed reporters on the status of ongoing investigation of the National Security Council. Attorney General Edwin Meese III briefed the reporters on the initial findings and answered their questions.'