What's your reaction? Take our poll here on whether the president deserved this unprecedented honor, or leave your response in the comments section below:
More CBSNews.com Coverage of the Nobel Peace Prize:
President Obama Wins Nobel Peace Prize
Obama: Nobel Prize a "Call To Action"
Analysis: Nobel Prize Doesn't Help Obama
Mark Phillips: The Audacity of the Nobel Committee
Mark Knoller: Nobel Peace Prize an Unprecedented Honor for Obama
List of Past U.S. Winners
World Reaction to the Award
Read Excerpts from the Nobel Citation
Common Nobel Prize myths debunked
What's Your Opinion?
Watch video of Nobel award ceremony from AP Television
Watch a shocked Bob Schieffer's analysis
Watch Mark Phillips' report on the Prize