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Obama not attending Bud Billiken parade

President Barack Obama will not be serving as the Grand Marshal of the Bud Billiken "Back to School" parade.

Several Chicago media outlets previously reported that Obama would be attending the parade. However, sources say Obama cannot attend the parade because of his schedule.

The 83rd annual event attracts thousands of people each year. It will be held on August 11, just two months before the November presidential election.

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