President Barack Obama has bid farewell to all the Americans and the world has his term as President of the United States of America officially comes to an end on the 20th of January 2017 when the new President-elect Donald J. Trump will be sworn in.
President Obama said that he is committed to a smooth and peaceful transition and thanked the Americans for the unwavering support they have accorded his presidency. Donald Trump, a wealthy businessman beat Hillary Clinton in a hotly contested election. The president was speaking in Chicago where he received a heroic welcome from the cheering crowd.
Here is the full speech of President Obama: