President Obama will close out 2014 with his traditional end-of-year press conference.

The press conference is scheduled to begin at 1:30 p.m. ET., and it's bound to be eventful because Obama has a lot to talk about.

Among the news events that will likely come up:

-- The normalization of diplomatic relations with Cuba.

-- Obama's unilateral actions to delay the deportation of some 4 million immigrants.

-- The Sony hack and whether North Korea had anything to do with it.

-- The fight against the Islamic State.

-- The end of U.S. combat operations in Afghanistan at the end of the year.

-- The protests in Ferguson, Missouri.

-- The political realities of a Senate and House controlled by the GOP.

-- His views on the Senate's "torture report."

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