And so you [young Americans]need to be the Idea Generation. The generation who's always thinking on the cutting edge, who's wondering how to create and keep the next wave of American jobs and American innovations, who's figuring out how to out-compete the Idea Generations of Indias and Chinas of the world.

When this crisis began, crucial decisions about what would happen to some of the world's biggest companies - companies employing tens of thousands of people and holding trillions of dollars in assets - took place in hurried discussions in the middle of the night. We should not be forced to choose between allowing a company to fall into a rapid and chaotic dissolution or forcing taxpayers to foot the bill.

As the United States begins a new chapter in our relationship with Cuba, we hope it will create an environment that improves the lives of the Cuban people, not because it is imposed by us, the United States, but through the talent and ingenuity and aspirations, and the conversations among Cubans from all walks of life so they can decide what the best course is for their prosperity.

We also think this is a reminder of the long tradition of bipartisan foreign policy that has been the hallmark of America at moments of greatest need, and that's the kind of spirit that we hope will be reflected in our administration.

You will not see any of your taxes increase one single dime.

Going back to the discussion we were having about immigration reform, some of the most challenging discussions I've had are with activists who essentially would argue that any immigrant from Central America, let's say, who gets here to this country should be allowed to stay because their country is dangerous, their country is poor, and the opportunities for that mom and that kid are much greater here, and why would you send them back?

Globalization is a fact, because of technology, because of an integrated global supply chain, because of changes in transportation. And we're not going to be able to build a wall around that.