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UPDATE!

Osama Bin Laden Dead, President Obama Tells Nation

Osama bin Laden is dead, President Barack Obama announced tonight.

In a nine-minute, late-night address from the White House, Obama said the suspected architect of the 9/11 terror attacks had been killed earlier Sunday by U.S. forces in Pakistan.

"His demise should be welcomed by all who believe in peace and human dignity," Obama said.

RECAP: White House Correspondents' Dinner

Bin Laden, who was 54, and the leader of the terror group Al-Qaeda, had been on the FBI's most-wanted list since the late 1990s.

"Justice has been done," said Obama. 

(Originally published May 1, 2011 at 8:41 p.m. PT)

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