Obama’s NSA Reform Speech: Full Video & Transcript

President Obama today delivered a crucial speech on NSA reform — vigorously defending the value of the intelligence agency while curbing its reach.

Watch a key portion of the speech above and read the full transcript below (as prepared prior to delivery).

Here is the memo, dated today, that addresses changes to surveillance policy:

For basic analysis of the speech, check out the Washington Post’s “Five big takeaways from Obama’s NSA speech.”