Obama to Release a Children's Book After the Midterms

"Of Thee I Sing: A Letter to My Daughters," President Obama's book to be published on November 16, 2010

President Obama, already a best-selling author, is releasing a children's book.

Entitled "Of Thee I Sing: A Letter to My Daughters," the book is a tribute to 13 inspirational Americans, including President George Washington, baseball legend Jackie Robinson and artist Georgia O'Keeffe. It's intended for children ages three and up, and it's illustrated by Loren Long, known for illustrating books such as "The Little Engine that Could."

Alfred A. Knopf Books for Young Readers, an imprint of Random House Children's Books, will release Mr. Obama's book on Nov. 16, two weeks after Election Day. The 40-page children's book will have a first printing of 500,000 copies and a suggested retail price of $17.99. Mr. Obama will reportedly donate any author proceeds to a scholarship fund for the children of fallen or disabled soldiers.

"Of Thee I Sing," which Mr. Obama reportedly finished writing in 2008 before he became president, was part of a $1.9 million, three-book deal he made with Random House in 2004. One of the other books was his policy book "The Audacity of Hope," according to the Associated Press, while the third book has yet to be released. Both "The Audacity of Hope" and Mr. Obama's memoir "Dreams of My Father," which was first released in 1995, are New York Times bestsellers.

Mr. Obama also signed a $500,000 deal with Random House in 2009 for a young-adult version of "Dreams of My Father."

Stephanie Condon is a political reporter for CBSNews.com. You can read more of her posts here. Follow Hotsheet on Facebook and Twitter.