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Obama's proposal urges the FCC to prohibit so-called paid prioritization, deals in which content providers pay Internet companies to ensure smooth delivery of traffic. He also asked the FCC to stop the practice of "throttling," when Internet service providers intentionally slow down some content while speeding up others. Obama said the FCC should reclassify consumer broadband service to be regulated more like a public utility. "If carefully designed, these rules should not create any undue burden for ISPs and can have clear, monitored exceptions for reasonable network management and for specialized services such as dedicated, mission-critical networks serving a hospital," Obama wrote. Read MoreWhat is net neutrality? Michael Powell, president of the National Cable and Telecommunications Association, said net neutrality policies should be made by Congress instead of the FCC and that the U.S. risks losing "high ground in arguing against greater control of the Internet by foreign governments."

President Obama addressed the threat posed by ISIS extremists, and immigration reform in a wide-ranging interview with NBC's Meet the Press. Ints Kalnins | Reuters