President Obama gave his farewell address to the nation on Tuesday night from his hometown of Chicago. NPR's politics team, with help from reporters and editors across the newsroom, live-annotated the speech. Portions of the transcript with added analysis are underlined in yellow, followed by context and fact checks below. Obama Defends His Legacy As He Says Farewell: 'Yes We Can. Yes We Did' POLITICS Obama Defends His Legacy In Farewell: 'Democracy Can Buckle When We Give In To Fear.'

Note: The transcript was updated throughout the speech. While we are working to correct errors, it may contain discrepancies and typographical errors.

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