President Obama addressed the nation late Sunday night with the announcement that Osama Bin Laden is dead. 

The Commander-in-chief authorized the launch of a targeted operation against the compound that housed Osama Bin Laden.

A CIA-led team led the operation and reportedly killed the world's most wanted terrorist in a mansion in Islamabad, the capital of Pakistan, along with his son and two couriers.

"Today, at my direction, the United States launched a targeted operation against that compound in Abbottabad, Pakistan," Obama said. "A small team of Americans carried out the operation with extraordinary courage and capability. No Americans were harmed. They took care to avoid civilian casualties. After a firefight, they killed Osama bin Laden and took custody of his body."

"Justice has been done," said the President. Obama called bin Laden's death "the most significant achievement to date in our nation's effort to defeat al Qaeda."

Officials said they will take care with bin Laden's body. "We are assuring it is handled in accordance with Islamic practice and tradition," an official said. "We take this very seriously. This is being handled in an appropriate manner."

Osama Bin Laden has been the face of terror and the leader of Al-Qaeda, the terrorist network behind the horrifying September 11 attacks.

Al-Qaeda has been blamed for the 1998 bombings of two U.S. embassies in Africa in which 231 people were killed. The 2000 attack on the USS Cole also killed 17 American sailors in Yemen.

The President said that Bin Laden was not a Muslim leader, but a terrorist who killed "scores of Muslims."

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