November 10, 2016 1:34 PM EST

President Obama and President-elect Donald Trump met in the Oval Office Thursday for a wide-ranging 90-minute conversation about how the White House works.

Afterward, the two spoke briefly to a group of reporters. Here is a complete transcript.

More Must-Read Stories From TIME

Contact us at letters@time.com.

Read More From TIME
You May Also Like
EDIT POST