Bonds are so the agreements get changed. In particular, the bondholders who thought they had the full faith and credit of the territory securing their debt and what they are owed now being consumed by congress as well. That is a big part of the debate right now. Jason it is important to note that it is not just hedge funds in new york and connecticut the whole credit on these. These are some very small mom and pop Credit Unions in puerto rico that are responsible or have had their credit extended. That gets into how complicated it is getting. Susan congressman laid down a dire scenario that if nothing is done in a timetable, congress can find a way to act on it. Thank you for being on newsmakers this week. Thank you. Independent media is the oxygen of a democracy. It is holding those in power accountable. We are not there to serve some sort of corporate agenda. When we cover war and peace. We are not brought to you by the weapons manufacturer. Tonight on q a, journalist amy goodman talks about the book she has coauthored, democracy democracy now. The idea starting 20 years ago has not changed, bringing out the voices of the people in the grassroots and the United States and around the world and they very much represent a majority of the people. People who are concerned deeply about war and peace and the growing equality in this country, climate change, the fate of the planet are not a fringe minority, not a silent majority but a silent majority. Silence by the Corporate Media which is why we have to take it back. The White House Correspondents Association held its annual dinner last night bringing together celebrities, politicians, and members of the media. The dinner has been attended each year by president obama and the first lady. The president took the opportunity to poke fun at himself and some of those in attendance. His remarks were followed by comedian larry will more who was the featured entertainer that evening. [applause] we have a couple of special guests here tonight. This is the first time in the last eight years that Vice President joe biden is attending our dinner. [applause] the Vice President is here with his daughter ashley. I cance president confidently say on behalf of all white house reporters that we appreciate how much news you have given us over the last eight years. Is caps aside we know this been a difficult year for you and your family and we appreciate your presence here tonight. Thank you. [applause] robinsonrs ago frankie became the first africanamerican entertainer to appear at the white house Correspondents Dinner. This piano playing prodigy was seven years old. 1946. E is in mr. Frank robinson, welcome back. Would you please stand . [applause] i want to acknowledge some people who have been helpful to me and to the White House Correspondents Association. Julia winston, thank you for everything you do. Many thanks to our lawyer, george lehner. The journalists on this stage have been strong advocates for our press corps day in and day out, at the white house not only doing their job reporting, but you will find them in josh earnests office arguing that it event should be open to the press or that the president should take more questions. We do this because the more access the journalists have, the better informed the public will be. [applause] we also need the support of others. I am grateful to the wall street journal for the opportunity to cover the white house, particularly our Washington Bureau chief and our editorinchief, jerry baker. [applause] my family is here, many thanks to them especially my parents and my son, hudson, probably upstairs ordering room service. I would like to thank my other family, the White House Press corps. I moved to washington eight years ago from a small newspaper in florida to cover the white house. I have had the pleasure to work alongside some of the smartest, funniest, kindest, and weirdest people i know. You know who you are. We are competitors but we collaborate. We speak the same weird language, we spend more time with each other than with our colleagues at our news organizations, and often times more than our own families. As member if members of the White House Press corps could please stand. I want to thank you for the work that you do which i admire, and for just being her quirky, being your quirky, entertaining, fun, dedicated selves. Thank you. [applause] carol obviously, this is president obamas last dinner white house Correspondents Dinner while in office. Mr. President , being the enterprising reporters that we are, we wanted to give you something you can turn to have to you leave the white house and you miss having this around to record your every move. Thank you to Gillian Hughes and Major Garrett for putting this together. Lets take a look. The White House Correspondents Association knows eight years of a presidency cannot be condensed into eight minutes or less and we will leave the legacy stuff to the press office. Here we go. Today, after all of the votes have been tallied, Health Insurance reform becomes law in the United States of america been announcing that the american combat mission in iraq has ended. The United States has conducted an operation that has killed osama bin laden, the leader of al qaeda today, the first Government Shutdown in 17 years is now over today i begin a new effort to fix as much of our immigration system as i can on my own. Today, the United States of america is changing its relationship with the people of cuba. Americaecause negotiated from a position of strength and principle, we have stopped this part of Nuclear Weapons in this region. But it hasnt all been a smooth ride. [cheering] we cannot sustain whoops. Was that my . Sorry about that, guys. It hasnt all been smooth talk. Smooth operator israel is a strong friend of israel john mccain has not talked about my muslim faith and you are absolutely right my Christian Faith on this memorial day, as our nation honors its unbroken line of fallen heroes, and i think many of them are in the audience here today when aretha told us what respct thank you, sioux cities sioux falls thank you sioux city. Long. Een in iowa too i just want to be clear i want to be absolutely clear let me be clear let me just be clear let me be as clear as i can be. Its going to be a bright, sunshining day you were not so clear on who was who. First of all it is not but you are saying tim. I completely understand. It is david today and then there was me. I have not looked at the latest polling around the world, i do not know, garrett. No, garrett. When even fashion choices are scrutinized, including this one. Critics some did up and two words, mom jeans, a sweet pair of mom jeans. Nice mom jeans, obama. You will always have the audacity we should be addressing the country on such a serious matter and he looks like he is on his way to a party at the hamptons and scrutiny knows no borders. From the broadcasters, assume the microphone is always on. This is why im hot he seems like a jackass. [indiscernible] president play games and you, mr. President have game, even when you dont. You have a way of shaking it off. Shake it off, shake it off mr. President , tell us how you really feel. Hey ho baby its alright [applause] carol mr. President , we appreciate your decision to attend this dinner every year. It shows that even if we do not always agree on our access, we have a shared commitment to a free press. Ladies and gentlemen, please raise a glass for what is, by tradition, our only toast of the evening, to the president of the United States. [cheering] carol mr. President , the podium is yours. [applause] you are going to miss me when im gone [laughter] pres. Obama you cant say it, but you know its true. [laughter] good evening, everybody. It is an honor to be here at my last and perhaps the last white house Correspondents Dinner. [laughter] you all look great. The end of the republic has never looked better. [laughter] i do apologize i know i was a little late tonight. I was running on cpt. Which stands for jokes that white people should not make. [laughter] [applause] pres. Obama thats a tip for you, jeff. Anyway. Here we are. My eighth and final appearance at this unique event. I am excited. If this material works well, i am going to use it at Goldman Sachs next year. [laughter] [applause] tubmans. Some seriou thats right, thats right. My brilliant and beautiful wife michelle is here tonight. [applause] pres. Obama she looks so happy to be here. [laughter] pres. Obama that is called practice. Its like learning to do threeminute planks and she makes it look easy now, but next year, this time, someone else will be standing here in this very spot. It is anybodys guess who she will be, but [laughter] [applause] pres. Obama standing here, i cannot help but be reflective. A little sentimental. Eight years ago, i said it was time to change the tone of our politics. In hindsight, i clearly should have been more specific. [laughter] pres. Obama eight years ago, i was a young man. Full of idealism and vigor. And look at me now. I am gray, grizzled, counting down the days. Until my death panel. [laughter] pres. Obama hillary once questioned whether i would be ready for 3 00 a. M. Phone calls. Now i am awake anyway, because i have to go to the bathroom. [laughter] pres. Obama im up. In fact, somebody said to me, mr. President , you are so yesterday. Justin trudeau has completely replaced you. He is so handsome, so charming, he is the future. I said, justin, give it a rest. [laughter] pres. Obama i resented that. Meanwhile, michelle has not aged a day. [applause] the only way you can date her in photos is by looking at me take a look. Here we are in 2008. Here we are a few years later. And this one is from two weeks ago. [laughter] pres. Obama so, time passes. In just six months, i will be officially a lame duck. Which Means Congress now will flatout reject my authority, and Republican Leaders will not take my phone calls. And this is going to take some getting used to. It is a curveball. I dont know what to do with it. [laughter] pres. Obama of course, in four months, Congressional Republicans have been saying there are things i cannot do in my final year. Unfortunately, this dinner was not one of them. [laughter] pres. Obama but, on everything else, it is another story. And you know who you are, republicans. I think weve got tim scott and cory gardner in the house. Which reminds me, security, bar the doors. Judge Merrick Garland come on , out. We are going to do this right here, right now. [applause] pres. Obama like the red wedding. [laughter] pres. Obama it is not just congress. Some foreign leaders have been looking ahead, anticipating my departure. Last week, Prince George showed up to our meeting in his bathrobe. That was a slap in the face. [laughter] [applause] pres. Obama a clear breach of protocol. Although, while in england, i had lunch with her majesty the queen. I took in a performance of shakespeare, hit the links with david cameron. Just in case anybody is debating whether i am black enough, i think that settles the debate. [laughter] pres. Obama i will not lie look, this is a tough transition, it is hard. Key staff are starting to leave the white house. Even reporters have left me. Savannah guthrie left to host the today show. Nora odonnell left to host cbs this morning. Jay favreau left journalism to join cnn. [laughter] [applause] pres. Obama the prospect of leaving the white house is a mixed bag. You might have heard that somebody jumped the white house fence last week, but i have to give secret service credit, they found michelle and brought her back. She is safe back at home now. [laughter] pres. Obama only nine more months, baby. Settle down. [laughter] somehow, despite all of this, in my final year, my Approval Ratings keep going up. [applause] pres. Obama the last time i was this high, i was try to decide on my major. [laughter] [applause] pres. Obama here is the thing i havent really done anything differently. Even my aides cannot explain the rising poll numbers. What has changed . Nobody can figure it out. [laughter] pres. Obama puzzling. Anyway. In this last year, i do have more appreciation for those who have been with me on this ride. Like one of our finest public servants, joe biden. [applause] god bless him. Love that guy. I love joe biden i really do. I want to thank him for his friendship, his counsel, for always giving it to me straight. For not shooting anybody in the face. [laughter] pres. Obama thank you, joe. Lets give it up for our host, Larry Wilmore. [applause] also known as one of the two black guys who is not jon stewart. You are the South African guy, right . I love larry. And his parents are here, who are from evanston, which is a great town. I also would like to acknowledge some of the awardwinning reporters who we have with us here tonight. Rachel mcadams, mark ruffalo, liev schreiber. Thank you all for everything you have done. I am just joking. As you know, spotlight is a movie about investigative journalists with the resources and the autonomy to chase down the truth and all the powerful and hold the powerful accountable. The best fantasy film since star wars. [laughter] pres. Obama that was maybe a cheap shot. I understand the News Business is tough his days, he keeps tough these days. It keeps changing all the time. Every year, somebody makes a joke about buzzfeed changing the media landscape. Every year the Washington Post laughs a little bit less hard. [scattered laughter] pres. Obama kind of silent there. Especially at the Washington Post table. Reince priebus is here as well. Glad to see that you feel that you have earned the night off. Congratulations on all of your success. The republican party, the nomination process, it is all going great. Keep it up. [laughter] [applause] pres. Obama Kendall Jenner is also here. We had a chance to meet backstage at her and she seems like a very nice young woman. I am not exactly sure what she does . I am told that my twitter mentions are about to go through the roof. [laughter] pres. Obama helen mirren is here tonight. [applause] pres. Obama i dont even have a joke, i just think helen mirren is awesome. [applause] [cheering] pres. Obama she is awesome. Sitting at the same table, mike bloomberg. [applause] pres. Obama a combative controversial new york billionaire, is leading the gop primary and it is not you. [laughter] pres. Obama that has to sting a little bit. Although it is not an entirely fair comparison between you and the donald. Mike was a big city mayor. He knows policy in depth, and he is actually worth the amount of money that he says he is. [laughter] [applause] pres. Obama what an election season . For example, we have the bright new face of the Democratic Party here tonight, mr. Bernie sanders. [applause] bernie, you look like a million bucks. Or, to put in terms you will understand, you look like 37,000 donations of 27 each. [laughter] pres. Obama a lot of folks have been surprised by the bernie phenomenon, especially his appeal to young people. Not me, i get it. Recently a young person said to me, she was sick of politicians standing in the way of her dreams. As if we were actually going to to burning man this year it is not going to happen. [laughter] pres. Obama bernie might let her go, not us. [laughter] i am hurt though, bernie, that you have distanced yourself for me. Thats not something that you do to your comrade. [laughter] [applause] pres. Obama bernies slogan has helped his campaign catch fire on young people. Feel the bern. That is a good slogan. Hillary slogan has not had the same effect. Lets see this. [laughter] pres. Obama i have said how much i admire hillarys toughness, her smarts, her policy chops. Her experience. You have to admit it, though. Hillary trying to appeal to young voters is a little bit like your relative who just signed up for facebook. Dear america, did you get my poke . Is it appearing on your wall . I am not sure i am using this right. Love, aunt hillary. It is not entirely persuasive. Meanwhile, on the republican side, things are a little more how shall we say this . A little more loose. Just look at the confusion over the invitations to tonights dinner. Guests had to check whether they wanted steak or fish, but instead, a whole bunch of you wrote in paul ryan. [laughter] pres. Obama that is not an option, people. Steak or fish. You may not like steak or fish, but that is your choice. [laughter] pres. Obama meanwhile, some candidates are not polling high enough to qualify for their own joke tonight. [laughter] pres. Obama the rules were wellestablished ahead of time. And then there is ted cruz. Ted had a tough week. He went to indiana hoosier country, stood on a basketball court, and called the hoop a basketball ring. [laughter] pres. Obama what else is in his lexicon . Baseball sticks . Football hat . But sure, i am the foreign one. [laughter] [cheering] let me conclude on a more serious note. I want to thank the Washington Press corps. I want to thank carol for that you do. The free press is central to our democracy nah, i am just kidding. You know i am going to talk about trump. Cmon [laughter] [applause] we werent just going to stop there, cmon. [laughter] pres. Obama although i am a little hurt he is not here tonight. We had so much fun the last time. And it is surprising, you have a room full of reporter, celebrities, cameras, and he says no. Is this dinner too tacky for the donald . What could he po