The Obamas Are Staying In D.C. After Presidency Ends

President Barack Obama finally answered the burning question of where he and his family will resettle when their time at the White House ends. They're staying in Washington, D.C. 

"We're going to have to stay a couple of years so Sasha can finish," Obama said Thursday. "Transferring someone in the middle of high school -- tough."

The family, which came to Washington from Chicago's Hyde Park neighborhood, still hasn't figured out exactly where in the city they'll move to, he added.

Speculation about a potential move to New York City swirled last year when Lee Bollinger, the president of Columbia University, Obama's alma mater, said he was "looking forward to welcoming back [the school's] most famous alumnus."