Good afternoon, everybody.

This month marks a notable anniversary --

200 years since the Battle of New Orleans.

Here in America, we call it a great victory over

a mighty United Kingdom.

Our British friends call it a technicality.

The treaty ending the war was signed weeks before.

Either way, we've long since made up.

On this 200th anniversary of a great American victory,

we count the United Kingdom as one of our

greatest friends and strongest allies.

And today it's a great pleasure to welcome

Prime Minister David Cameron back to the White House.

Now, as many of you know, David recently noted how

comfortable the two of us are working together.

This sent some commentators into a tizzy.

Some explored the linguistic origins of the word "bro."

Others debated its definition.

Several analyzed how this term has evolved over time.

Some seemed confused and asked -- what does Obama mean?

And so, let me to put this speculation to rest.

Put simply, David is a great friend.

He's one of my closest and most trusted partners

in the world.

On many of the most pressing challenges that

we face, we see the world the same way.

We recognize that, as I've said before,

when the United States and United Kingdom stand together,

our nations are more secure and our people are more

prosperous, and the world is safer and more just.

Great Britain is our indispensable partner,

and David has been personally an outstanding partner,

and I thank you for your friendship.

With both of our economies growing and unemployment

falling, we used our working dinner last night to discuss

how we can help create more jobs for our people.

We believe that this needs to be the year when the United States

and the European Union make real progress toward the

Transatlantic Trade and Investment Partnership.

And we share the view that boosting demand

in Europe can also keep our economies growing.

As innovative economies in this information age,

we're expanding our collaboration on digital

technologies to improve how our governments serve

our citizens and businesses.

Given the urgent and growing danger of cyber threats,

we've decided to expand our cooperation on cybersecurity

to protect our critical infrastructure,

our businesses and the privacy of our people.

And as leaders in the global fight against climate change,

we believe that a strong commitment to reducing

greenhouse gases will be an essential element of any

ambitious climate agreement that we seek in Paris this

year and that this actually will help spur the creation

of more clean energy jobs on both sides of the Atlantic.

With regard to security, American-British unity is

enabling us to meet challenges in Europe and beyond.

We agree on the need to maintain strong sanctions

against Russia until it ends its aggression in Ukraine,

and on the need to support Ukraine as it implements

important economic and democratic reforms.

We agree that the international community

needs to remain united

as we seek a comprehensive diplomatic solution

to prevent Iran from obtaining a nuclear weapon.

And I'd add that additional sanctions on Iran at this

time would undermine that international unity

and set back our chances for a diplomatic solution.

And as the two leading contributors

to the global response to Ebola in West Africa,

we urge the world to continue stepping up with the resources

that are required so that we don't simply stop this

disease, we do more to prevent future epidemics.

Now, much of our discussion obviously

focused on the continuing threat of terrorism.

And in the wake of the vicious attacks in Paris,

as well as the news surfacing out of Belgium,

today we continue to stand unequivocally not only with

our French friends and allies, but with also all

of our partners who are dealing with this scourge.

I know David joins me when I say that we will continue

to do everything in our power to help France seek the justice

that is needed and that all our countries are working

together seamlessly to prevent attacks and to defeat

these terrorist networks.

With our combat mission in Afghanistan over,

we're also focused with our NATO allies on advising

and assisting and equipping Afghan forces to secure their

own country and deny to al Qaeda any safe haven there.

We'll continue to count on our British allies as our --

one of our strongest counterterrorism partners,

whether it's helping countries fight back against

al Qaeda affiliates or Boko Haram in Nigeria.

We reviewed our coalition's progress against ISIL.

We are systematically taking out their fighters,

we're destroying their infrastructure,

we are putting them on the defensive and helping

local forces in Iraq push these terrorists back.

And David and I agree that we need to keep stepping

up the training of Iraqi forces, and that

we're not going to relent until this

terrorist organization is destroyed.

The Paris attacks also underscored again how

terrorist groups like al Qaeda and ISIL are actively

trying to inspire and support people within

our own countries to engage in terrorism.

I led a special session of the United Nations Security Council

last fall to rally the world to meet the threat

of foreign terrorist fighters, including coming from Syria.

David and the United Kingdom continue to be strong

partners in this work, including sharing

intelligence and strengthening border security.

At the same time, we both recognize that intelligence

and military force alone is not going

to solve this problem.

So we're also going to keep working together on strategies

to counter the violent extremism that radicalizes,

recruits and mobilizes people, especially young people,

to engage in terrorism.

And local communities -- families, neighbors,

faith leaders -- have a vital role to play in that effort.

We also look forward to welcoming our British friends

to our summit next month on countering violent terrorism.

Because whether in Europe or in America,

a critical weapon against terrorism is our adherence

to our freedoms and values at home -- including

the pluralism and the respect and tolerance

that defines us as diverse and democratic societies.

And finally, I want to take this opportunity

to publicly congratulate David on last month's

Stormont House Agreement.

It's a tribute to the courage and determination

of everyone involved, especially the leaders

of Northern Ireland as well as the governments

of Ireland and the United Kingdom.

The United States was pleased to play a small role

in achieving this agreement, and we're going to keep

doing what we need to do to support the peace process

and a better future for the people of Northern Ireland.

So with that, let me turn it over to my good friend,

David Cameron.

Prime Minister Cameron: Well, thank you very much, Barack.

And thank you for welcoming me again to the White House.

You are a great friend to Britain and to me personally.

As leaders, we share the same values and, as you said,

on so many issues, we see the world in the same way.

And most of the time, we speak the same language.

(laughter)

In the last six years since you became President,

and in the nearly five since I've been Prime Minister,

we've faced some big issues on our watch.

And those challenges have boiled down to one word: Security.

Economic security -- the jobs and the living

standards of our citizens -- and national security --

the ability of our peoples to live safely and in peace.

And at the heart of both issues are the values

that our countries cherish: Freedom of expression,

the rule of law, and our democratic institutions.

Those are the things that make both our countries strong

and which give us confidence that even in the midst

of the most violent storms, with strong leadership,

we will come through to safer, to calmer

and to brighter days.

During your presidency, you've had to deal

with the aftermath of a massive banking crisis

and a deep recession.

When I became Prime Minister, Britain had

the highest budget deficit in its peacetime history,

our economy was in grave peril.

Five years ago, we had 110,000 troops serving

together in Afghanistan.

Thanks to their efforts, today it is Afghan forces

taking responsibility for security in their country.

But we continue to face difficult times for the world.

First and foremost, we have to deal with

the warning lights flashing in the global economy.

Wheat growth in the Eurozone has slowed down

in emerging markets.

That is why it is vital for our shared prosperity

that we both stick to the long-term economic plans

that we've set out.

We agreed that 2015 should be a pivotal year for an ambitious

and comprehensive EU-U.S. trade deal which could

benefit the average household in Britain

by 400 pounds a year.

The U.K. is now the top destination for American

and foreign investment, with 500 projects last year

providing 32,000 jobs.

And America is the U.K.'s biggest trade partner,

with exports worth nearly 90 billion pounds.

We want to build on this.

So our message on the economy today is simple:

We are going to stick to the course.

Because seeing through our economic plans is the only

sustainable way to create jobs, to raise living standards,

and to secure a better future for hardworking people.

Now, Britain and America both face threats to our

national security from people who hate what our countries

stand for and who are determined to do us harm.

In recent weeks, we've seen appalling attacks in Paris,

in Peshawar, in Nigeria.

The world is sickened by this terrorism,

so we will not be standing alone in this fight.

We know what we're up against, and we know how we will win.

We face a poisonous and fanatical ideology that wants

to pervert one of the world's major religions, Islam,

and create conflict, terror and death.

With our allies, we will confront it wherever

it appears.

In Iraq, the U.K. is the second largest

contributor to the anti-ISIL coalition.

RAF aircraft have conducted over 100 strikes

and will continue to play a leading role.

We will deploy additional intelligence and surveillance

assets to help Iraqi forces on the ground,

and we will ensure they are better trained

and equipped to counter explosive devices.

But most important of all, we must also

fight this poisonous ideology starting at home.

In the U.K., we're passing a law so that

every public body must combat extremism.

And this morning, we have agreed to establish

a joint group to identify what more

we can do to counter the rise of domestic

violent extremism, and to learn from one another.

In Europe, Russia has chosen to tear up the international

rulebook and trample over the affairs of a sovereign state.

This threatens our stability and our prosperity.

It is important that every country understands that,

and that no one in Europe forgets our history.

We cannot walk on by.

So we will continue to put pressure on Russia

to resolve this crisis diplomatically,

and at the same time, we will continue our efforts

to support Ukraine on the path of reform, including

with financial assistance.

We also reaffirmed our obligations as NATO partners

to stand by our allies, and we'll be contributing

an additional thousand troops for exercises

in Eastern Europe this year.