"Multiple intelligence estimates have warned that al Qaeda is actively planning attacks on the U.S. homeland from its safe-haven in Pakistan," he said. "And if the Afghan government falls to the Taliban – or allows al Qaeda to go unchallenged – that country will again be a base for terrorists who want to kill as many of our people as they possibly can."
The president also met with 15 CEOs of financial institutions, with whom he discussed toxic assets, bank lending, the administration's housing plan, regulatory reform and executive compensation for over an hour.
"…the president thinks that we should be very cognizant of the needs and desires and anger around the country on compensation," JP Morgan Chase CEO Jamie Dimon said after the meeting.
And he ribbed Attorney General Eric Holder for suggesting that Mr. Obama lacked the basketball skills to compete with Holder's "New York game."
" We will see about that, Mr. Attorney General," said the president, prompting laughter at an instillation ceremony for Holder.
Below, check out Lara Logan's CBS Evening News report on the president's new strategy in Afghanistan and Pakistan.