Andrew Sullivan assesses the Obama presidency, and outlines his belief that the President's critics on both the right and left have underestimated many of the President's significant achievements.
At the Pentagon, President Obama announces a new defense plan that seeks to maintain America's essential military capabilities while significantly cutting costs.
President Obama signs legislation that provides a 2-month extension for a payroll tax cut for 160 million Americans. The legislation also provides a 2-month extension for unemployment benefits and a 2-month delay on payment reductions for doctors who treat Medicare patients.