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Watch: Obama holds last presidential news conference

President Barack Obama waves after he spoke during the SelectUSA Investment Summit in National Harbor, Maryland. The summit brought together investors from around the world to showcase the diversity of investment opportunities available in the U.S. 

WASHINGTON — President Barack Obama answered questions during his final news conference as president on Wednesday afternoon, two days before President-elect Donald Trump’s inauguration.

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Obama will welcome the incoming first family to the White House on Friday. Trump will be sworn in as the 45th president of the United States in a ceremony that begins at 9:30 a.m.

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The Obamas will follow the ceremony with a trip to Palm Springs, California, White House officials confirmed Tuesday. The family will spent at least the next two years in Washington D.C.'s Kalorama neighborhood as daughter Sasha Obama finishes school.