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Transcript of Obama's Press Conference

By Barack Obama - May 27, 2010

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12:50 P.M. EDT THE PRESIDENT: Good afternoon, everybody. Before I take your questions, I want to update the American people on the status of the BP oil spill -- a catastrophe that is causing tremendous hardship in the Gulf Coast, damaging a precious ecosystem, and one that led to the death of 11 workers who lost their lives in the initial explosion. Yesterday, the federal government gave BP...

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Barack Obama

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