President Obama is holding a news conference this hour. Obama is speaking at the conclusion of the G-20 summit in Los Cabos, Mexico.
The president will issue a quick opening statement and then take questions from reporters. Obviously, he'll likely field questions about the precarious economic situation in Europe and about the situation in Egypt and Syria.
The White House will live stream the conference. We've embedded their video at the top of the post. We'll also update this post as the president speaks.
Update at 7:56 p.m. ET. 'Confident' Europe Can Implement Plan:
Obama says that talking to the European leaders he's convinced that "they understand the stakes and that it's important to take bold and decisive action."
Obama said he's "confident they can take the steps" necessary to bring the sovereign debt crisis under control.
"I'm confident that Europe will paint a picture of where we need to go, and take some immediate steps" Obama said.
Update at 7:51 p.m. ET. Europe Affects U.S.:
President Obama says that "slower growth in Europe means slower growth in the United States."
But President Obama said that economic problems in Europe won't be solved by the United States or the G20.
He said that's why he welcomes the fact that the European countries pledged to "take all necessary measures" to preserve the eurozone.
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