President Barack Obama addressed the group in the Washington Hilton hotel, taking a moment to joke about his similarities with the presumed Republican presidential nominee, Mitt Romney.

"We both think of our wives as our better halves, and the polls show to an alarmingly insulting extent that the American people agree," he said. "We also both have degrees from Harvard. I have one, he has two. What a snob." This year's featured comedian was Jimmy Kimmel, host of ABC television's late-night talk show Jimmy Kimmel Live! Kimmel took several hard jabs. He made light of the president's approval rating this election year.

"There's a term for President Obama, probably not two terms."

He even used actress Sofía Vergara to joke about the Secret Service prostitution scandal plaguing Washington.

"Sofía is from Colombia," he said. "This is how women look like in Colombia, what do you expect the Secret Service to do?"

Hollywood celebrities attending the event included George Clooney, Kim Kardashian and Steven Spielberg.

Proceeds from the dinner go toward scholarships for aspiring journalists and awards for excellence in the profession.