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President Barack Obama and first lady Michelle Obama waves as they walk down Pennsylvania Avenue near the White House during the 57th Presidential Inauguration parade Monday, Jan. 21, 2013, in Washington. (AP Photo/Charles Dharapak)

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Obama says 'America's possibilities are limitless'

Asserting "America's possibilities are limitless," President Barack Obama declared on Monday that a decade of war is ending and the nation's economy is recovering as he launched into a second term before a flag-waving crowd of hundreds of thousands on the National Mall.

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