TPM Livewire

President Jokes About Michelle Obama Buying More Shoes

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Asked on Wednesday what he would do with the hefty sum if he succeeds, President Barack Obama said he'd pay off some of the federal debt — as well as cracking a stereotypical joke about his spouse and shoes.

"I'm sure somebody would ask me to pay down more of the federal debt. Michelle might want a few shoes," the basketball fan-in-chief told to ESPN's Andy Katz.

Obama partook in the annual ritual, dubbed "Barack-etology", by picking Michigan State, a No. 4 seed, to defeat defending tournament champion Louisville in the championship game.