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WATCH LIVE: Obama speaks on Iraq

President Obama is scheduled to deliver a statement on Iraq at 11:50 a.m. Friday.

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The Obama administration is facing its worst-case scenario in Iraq, which seems on the verge of crumbling as Islamic militants march on Baghdad.

The offensive comes just more than three years after U.S. soldiers left the country. The Islamic State of Iraq and Syria (ISIS) has now taken over hundreds of square miles ranging from Syria’s coast to the Iraqi cities of Mosul and Tikrit.

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