Mark Memmott

Saying "I wish I had done more" about accusations that one of his former assistants had been sexually abusing young boys for more than a decade, Penn State football coach Joe Paterno just confirmed that he will retire at the end of this season.

The 84-year-old Paterno, who holds the record for most wins by a Division I coach, released this statement moments ago:

"I am absolutely devastated by the developments in this case. I grieve for the children and their families, and I pray for their comfort and relief.

Good morning.

Our early headlines:

-- Cain Accuser Says She Didn't Want Controversy.

-- Penn State Scandal: Trustees' Support For Paterno Said To Be 'Eroding'.

A few of the developments since our last post about the sexual harassment allegations against Republican presidential candidate Herman Cain — who calls them "false, anonymous, incorrect accusations":

Catching up on some of the latest developments in the scandal at Penn State University — where former assistant football coach Jerry Sandusky has been charged with sexually abusing young boys, two university officials have been charged with lying to a grand jury and not alerting police, and there have been calls for legendary coach Joe Paterno to step down because of concern that he didn't do enough to alert authorities to what was allegedly happening:

As news outlets try to decipher what Tuesday's election results tell us about what voters are thinking, they're reaching various conclusions.

"I can categorically say I have never acted inappropriately with anyone, period," Republican presidential candidate Herman Cain just told ABC News' Jonathan Karl on a live ABC/Yahoo webcast.

Responding to the latest accusation by a woman — Sharon Bialek of Chicago — who says he sexually harassed her in the late 1990s, Cain said the charge is "baseless, bogus and false" and that Bialek is lying.

"An appeals court judge appointed by President Ronald Reagan just wrote an opinion affirming the constitutionality of the federal law overhauling health care," our colleague Scott Hensley writes over at the Shots blog.

Karen Kraushaar, a 55-year-old federal employee and registered Republican, has been identified as one of the two women who in the late 1990s settled claims of sexual harassment against 2012 GOP presidential candidate Herman Cain, our colleague Liz Halloran reports on the It's All Politics blog and the NPR Newscast.

Update at 2:26 p.m. ET. In a meeting with Italy's president, Prime Minister Silvio Berlusconi offered to resign after Parliament approved a budget filled with new austerity measures.

The Guardian reports that President Giorgio Napolitano broke the news in a statement that read in part:

This probably isn't going to satisfy many of those who think of The X-Files as a documentary series, but the Obama administration has now put the White House on record as saying the government doesn't have any evidence of life "out there."

And the Obama team doesn't believe anything's being hidden from us.