Obama Announces NSA Reform Proposals: NSA Should Stop Storing Collected Phone Data, Tighter Restrictions on Spying on Foreign Leaders

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Trying to tamp down concerns over U.S. surveillance powers, President Obama announced Friday he would end the National Security Agency's ability to store phone data collected from millions of Americans.

The president will also require intelligence agencies to obtain approval from a FISA court – a secret U.S. court that governs surveillance of terrorist and foreign espionage targets - before accessing the records.