U.S. President Barack Obama shares laughs with comedian David Letterman during a taping of the ''Late Show'' in New York City. Rough Cut (no reporter narration).
ROUGH CUT (NO REPORTER NARRATION) STORY: U.S. President Barack Obama shared a few laughs with talk show host David Letterman during a taping of the "Late Show" in New York City on Monday (May 4). This is the final month in which Letterman, who is known for his sardonic wit, will anchor the CBS broadcast. He is set to host his final show on May 20, before handing the reigns over to Stephen Colbert, currently the host of Comedy Central's faux political news show "The Colbert Report". Earlier in the day, Obama spoke at Lehman College in the Bronx to announce the launch of My Brother's Keeper Alliance, a nonprofit organization that is a spinoff of a White House initiative to increase opportunities for young minority men.