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Obama: $200M for Minority Youth

In a personal speech Thursday at the White House, President Obama announced his My Brother's Keeper initiative for young men of color. "I made bad choices, I got high without thinking about the harm it would do, I didn't always take school as seriously as I should have," he said. The initiative, which will partner with local businesses and foundations, has raised pledges of more than $200 million over the next five years. Obama said helping them is "as important as any issue that I work on."