Obama denies Iran payment was ransom. Trump describes mysterious video of cash delivery.

At a press conference at the Pentagon on Thursday, President Obama called Donald Trump's warnings of a "rigged" election "ridiculous" — "What does that mean?" he asked. "I've never heard anybody complain about being cheated before the game is over" — said that the Islamic State is losing but will still be able to create "the kinds of fear and concern that elevates their profile," and dismissed claims by Trump and other Republicans that a $400 million cash payment to Iran in January was ransom for four U.S. prisoners freed at the time time.

"We do not pay ransom for hostages," Obama said, asserting that the money was the first installment of a $1.7 billion settlement of outstanding, potentially much more expensive claims by Iran, and noting that his administration disclosed the deal in January and the media reported on it. "It wasn't a secret. We were completely open about it," Obama said. "The only bit of news is that we paid cash," he added, explaining that "we couldn't wire the money" because "we don't have a banking relationship with Iran, which is part of the pressure we applied on them."

Donald Trump also talked about the cash payment to Iran on Thursday, with his campaign accusing Obama of a "cover-up" and Trump himself describing a video of the cash delivery in some detail at a rally in Portland, Maine, saying Iran took and released the footage to embarrass Obama:

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The thing about the video, notes the New York Daily News, is that "no one — including American intelligence officials — has any idea what he was talking about." When Trump first described the video of the "top secret" cash delivery at a rally Wednesday in Daytona Beach, his campaign told CBS News that Trump was actually referring to footage of the freed Americans walking off a plane in Geneva that has been played repeatedly on Fox News, and when The Washington Post sent that footage to Trump spokeswoman Hope Hicks, she said that "yes," that's what Trump was talking about, "merely the b-roll footage included in every broadcast."

Trump will start receiving classified intelligence briefings soon — they haven't begun yet, campaign manager Paul Manafort says — and when he does, Obama said Thursday, Trump needs to act like a serious presidential candidate, which "means being able to receive these briefings and not spread them around."