In a summer marked by instability in the Middle East and Eastern Europe, I know the world also took notice of the small American city of Ferguson, Missouri - where a young man was killed, and a community was divided. So yes, we have our own racial and ethnic tensions.

Moammar Gadhafi had more American blood on his hands than any individual other than Osama bin Laden.

Look at Chancellor [Angela] Merkel, her personal story helps to tell a story of incredible achievement that the German people have embarked on and I think is something that you should be very proud of.

When it comes to the budget, we know that we shouldn't be cutting more on core investments, like education, that are going to help us grow in the future. And we've already seen the deficit cut in half. It's going down faster than any time in the last 60 years. So why would we make more cuts in education, more cuts in basic research? Nobody thinks that's a good idea.

With effort we can protect the foundation of our democracy, for which so many marched across this bridge, the right to vote.

To all those watching tonight from beyond our shores, from parliaments and palaces, to those who are huddled around radios in the forgotten corners of the world, our stories are singular, but our destiny is shared, and a new dawn of American leadership is at hand.

Our resources may be finite, but our will is infinite, and I am confident that if we come together and summon that great American spirit once again, we will meet the challenges of our time and write the next great chapter in our American story.