Video: 'President Reagan's Address to the Nation regarding the Tower Commission Report, March 4, 1987'

(Wednesday, March 4, 1987, 9:00 p.m. EST) — President Ronald Reagan said tonight in a television address that his policy toward Iran had “deteriorated” into a trade of arms for hostages and that he accepted “full responsibility” for the Iran–Contra affair, which has thrown a shadow over his administration for three months.