For the full transcript of President Obama's speech, click here.

The Obama administration will stop deporting young illegal immigrants who come to the U.S. as children, a move that President Obama said would "mend" immigration policy and which is likely to push the battle for Latino voters to the forefront of the presidential campaign.

The Friday morning announcement was touted by the president and his allies as a major step toward a more humane deportation policy. Immigration activists have long pressured the White House to act to protect young immigrants who were brought to this country illegally by their parents and have been forced to live in the shadows or face deportation.

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