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President Barack Obama & Jimmy Fallon Slow Jam The News

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April 25 2012, Published 7:00 a.m. ET

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By Breaking Celebrity News Staff

President Barack Obama and Jimmy Fallon collaborated in a memorable bit on Tuesday night's Late Night with Jimmy Fallon, taped at UNC-Chapel Hill.

In the exchange, Fallon and his band, The Roots, said how they wanted to "slow jam" the news when the commander-in-chief emerged and announced, “I’m President Barack Obama: And I too want to slow jam the news!”

From there, the two had a back-and-forth, as the president would read something official, then Fallon would interject with a soulful interpretation of the words of the president -- or as he called him, "The Preezy of the United Steezy."

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"The reason it is so important to keep down costs is so we keep college affordable," the president said in a soliloquy about student loans, to which Fallon riffed, "And the president knows his stuff y'all, that's why they call him the Potus -- which means Person on top... what is it?"

"The President of the United States," the commander-in-chief reminded the late night host, after which The Roots chimed in with, "The Potus with the mostest!"