President Barack Obama and Mexican President Felipe Calderón met in Washington on Thursday in an attempt to repair relations while immigration problems and uncontrollable violence in Mexico's drug war has weakened ties between the U.S. and Mexico.

The two leaders said they had found a solution to an ongoing cross-border trucking dispute between their countries, and Obama added that he hopes to conclude an agreement with Mexico by the end of the year on developing new sources of energy in the Gulf of Mexico.

Regarding drug cartels in Mexico and the flow of weapons and drugs across the shared border Obama said,

"We are very mindful that the battle President Calderon is fighting inside of Mexico is not just his battle, it's also ours. We have to take responsibility just as he's taking responsibility. And that's true with respect to guns flowing from north to south, it's true about cash flowing north to south."

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For a more local take on the Mexican Immigration Issue check out this article 'Illegal Immigration Has Not Gone Away, It's Just Been Displaced By Charlie Sheen'

Watch the entire press conference below