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CORRECTION Obama Appo_Live.jpg

President Obama shakes hands with Rep. Mel Watt, North Carolina Democrat and Obama's nominee for the Federal Housing Finance Authority director, on May 1, 2013, in the State Dinning Room of the White House in Washington, where he made the announcement of the nomination. (Associated Press)

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Late-night television host Conan O'Brien, from left, first lady Michelle Obama, Michael Clemente, executive vice president of Fox News, and President Barack Obama attend the White House Correspondents' Association Dinner at the Washington Hilton Hotel, Saturday, April 27, 2013, in Washington. (AP Photo/Carolyn Kaster)

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President Barack Obama talks with Michael Clemente, executive vice president of Fox News, as White House Correspondent Association President Ed Henry, chief White House correspondent for Fox News, sits right, during the White House Correspondents' Association Dinner at the Washington Hilton Hotel, Saturday, April 27, 2013, in Washington. (AP Photo/Carolyn Kaster)

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President Barack Obama looks to the podium during the White House Correspondents' Association Dinner at the Washington Hilton Hotel, Saturday, April 27, 2013, in Washington. (AP Photo/Carolyn Kaster)

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Obama Baylor Texas.jpg

President Barack Obama attends the memorial for firefighters killed at the fertilizer plant explosion in West, Texas, at Baylor University in Waco, Texas, Thursday, April 25, 2013. (AP Photo/Charles Dharapak)