For president s on Inauguration Day. Joining me now in our cbs coverage is Bob Schieffer, our chief washington correspondent and anchor of face the nation. Bob, what are you expecting to see . Well, its going to be an important day for the nation, but i must say, you know, the fiscal cliff negotiations, the slaughter of those children in connecticut made it difficult for washington to be festive this time around. Its also a very unusual atmosphere because of this gridlock. I mean, youre not hearing people talk about hope and renewal this time around, but is the government broken . The whole system. And what can we do to fix it . People want washington and its politicians to Work Together. The politicians as yet have not been a i believe to figure out how to do that. But, you know, inaugural speeches can sometimes change the mood. You heard fdr, the only thing we have to fear. I remember when gerald ford said our Long National nightmare is over. Jack kennedy, ask not what you can do for your country. Difference in how the nation feels about itself and about whats going on. I would say this. If there was a time when this country needed to hear a good speech and wanted to hear a good one, i think this would be the time. So lets hope we get a good one. Of course, there was lincolns second inaugural where he talked about the wounds of the nation. We know that the president has been working on this president for weeks and major garrett, our chief White House Correspondent, is at the white house this morning with a little bit of insight on what we might hear today. Well, good morning, scott. Those closest to the president tell us this speech is in the moment and its going to talk, they hope, credibly, believably about responsibilities ahead. And the prospect for not only bipartisan compromise, and things that didnt seem achievable four years ago. It might be worth reminding us ourselves how the president ended first inaugural address four years ago. Scott, the president talked about america being in the midst of a winter of our hardship and he urged the nation to brave icy currents and to endure whatever storms may come. There was a sense of forboding then, a sense of crisis, both economic and otherwise, that white house advisers that he feels is no longer as present now as it was then. So thats part of the optimistic note hell say, we have achieved things. We have more work to do, but it can be done together. That will be the central core and theme of this speech im told. And the president believes that president which could not have been delivered four years ago has a chance to resonate today. Major, it bears noting that when the president delivered the winter of our hardship speech, the unemployment was 7. 8 . The Unemployment Rate is 7. 8 . So its still a great deal of work to be done on the economy and a great many other things. Nora odonnell, the coanchor of cbs this morning is down on the National Mall and she has insight on what the president is looking to in a second term. Thats right. On a day like this when most americans have expressed their frustration with washington, political leaders, this is day that we see hundreds of thousands of americans turn out to witness this piece of history. Every secondterm president since Dwight Eisenhower has had to deal with an Opposition Party in congress. Thats nothing new that president obama is facing in this second term. But hes going to try and capture i think some of the magic of bipartisanship on a day like today. Trying to put it in a bottle. Because he really has a very ambitious agenda for his second term. We have heard him talk about it. Gun safety, Immigration Reform. Deficit reduction and those looming spending cuts that are a part of the sequestration. So thats lot before the president. But as major has noted this is a speech today thats not about specifics, but setting the tone and trying in some ways to push the reset button. Thank you very much. The president and the first family are back at the white house this morning, but they started their day right across the street from the white house at st. Johns Episcopal Church where our Wyatt Andrews is standing by this morning. Scott, good morning. Every president since Franklin Roosevelt, thats 80 years, has begun Inauguration Day here at st. Johns church. The president arrived early this morning with the first lady, daughters malia and sasha, and the family of Vice President biden. They came to a 50minute Prayer Service. Attended also by about 600 members of the parish and congregation. They also got some news when they heard that their reverend will be giving the benediction. The previous one had withdrawn after he gave an antigay sermon 20 years ago. He began today worshipping at the church known as the church of president s. Wyatt, thank you very much. Also at the white house today, David Axelrod is joining us this morning. The former City Hall Bureau chief of the chicago tribune, but perhaps better known to everyone these days as the chief strategist and architect of the president s victory in 2008 and his most recent reelection as well. David, thank you very much for joining us this morning. Great to be with you, scott. As we noted earlier, the Unemployment Rate on Inauguration Day in 2009 was 7. 8 and its 7. 8 today. The president has a lot of work cut out for him. What do you think we will see from the president with regard to the economy Going Forward in the second term . Well, first of all, i think its worth noting it was 7. 8 on the day he took office and it went up to 10. 2 when the full brunt of the recession hit. And we have to build on it, not just to get the Unemployment Rate down, scott, but to make sure that people who work hard can get ahead. That they have a sense that their kids can do better. We have to not only take care of our fiscal problems but also make some investments in education and research and development, innovation. To get control of the energy future. All of that will be a part of the president s vision for the next four years. You know, Bob Schieffer mentioned earlier this morning the tragedy in newtown, connecticut, the president is proposing a number of changes to the gun laws in this country. How much a part of the president s resolve will that be in the months coming . Well, the thing the president always said that, you know, you have to do many things at once when youre president , and thats a very important thing. We cant keep replicating these tragedies and its not just the big tragedies, but the small, smaller strategy dtragedies than the streets every day. So hes determined to move forward on this package of laws. Theyre not the only things we need to do. Some of the things have less to do with government and more to do with what we what we do in our home. What our Children Play and in terms of video games and what they watch. But certainly we need to do something about guns. We are hopeful that were at a moment when we can pass the impasse that we have seen in the past and really move forward on it. Hey, david, Bob Schieffer here. Hey, bob. In normal times, probably we wouldnt report this, but in these fractured times this just in as they say. Im told that speaker boehner, eric cantor, the number two republican in the house, and Mitch Mcconnell, the republican leader in the senate, are at the white house right now having coffee with the president. Do you think that there really is a chance that there can be some sort of a get together, bipartisan effort, something we havent seen thus far . You know, not on everything, bob, but on some things for sure. Not just because people are becoming enlightened, but because of their selfinterest. If you look at your own polling and the polling that we have seen in the last few days, the Republican Party is trading at record lows. The congress at almost record lows. The strategy of obstruction has not been worked well for the Republican Party. Thats why i think you saw them retreat from the plan to push this debt ceiling issue immediately upon returning to work. So i think that theres a prospect for getting some things done. Certainly on issues like Immigration Reform. Theres a powerful impetus for there to be progress. I think we can make some. David, thank you very much. Youre going to be leaving the president s side and starting an institute of politics at the university of chicago and we wish you all the luck in the world. You guys, i need you out there. Nancy cordis is there as a number of the dignitaries begin to take their seats. What are you seeing . Scott, there are 1,600 seats that have been set up on the west front terrace of the capitol. People who will be surrounding the president as he takes the oath of office. We are still awaiting the announcement of the dignitaries who will come out in groups. First, the nations diplomatic core, the governor, then the cabinet, the joint chief of staff, and Supreme Court. And two former president s, bill clinton and president carter who will both be in attendance today. We wont see the other two living president s george h. W. Bush who was just released from the hospital and is who is now recovering, and george w. Bush who sends his regrets. So as it happens because of the illness of the elder mr. Bush, there will be only democratic president s in attendance today. Very, very unusual circumstance. The headline of the hour, the news broke moments ago by Bob Schieffer is that the Republican Leadership at this moment is in the white house having coffee with the president. Perhaps a hopeful sign that agreements might come with the new year. Heres whats coming up the rest of this Inauguration Day. At 10 40, the president and mrs. Obama leave the white house for the capital. The inaugural ceremonies begin at 11 30 and include the ceremonial swearingin of Vice President biden. Then at 11 55, president obama will be sworn in by chief Justice John Roberts. And at noon, the president will deliver his inaugural address. That will be followed by lunch at the capital. Then around 2 30, the president leads a procession back to the white house where he and the first lady will watch the inaugural parade along pennsylvania avenue. Down there among the people on the National Mall is our National Correspondent byron pitts. What do you see . Good morning. 400,000 people were lucky enough to get tickets. They were members of the white house or the congress. About 30,000 people will sit closest to the podium. Here in the same area four years ago. Back then there was a great deal talk of race and the historical importance of the moment. I remember watching it, men and women wept as then president elect obama took the oath of office. Today, far less talk about race, mostly about the nations business. But scott, there is a sense of joy in the air today, on this most american of days. Scott . Byron, thank you very much. Cbs News Coverage of the president s second inauguration will continue live from washington in just a moment. [ male announcer ] how do you make 70,000 trades a second. Reach one customer at a time . Or help doctors turn billions of bytes of shared information. Into a fifth anniversary of remission . Whatever your business challenge, dell has the technology and services to help you solve it. 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You have been known to shovel driveways of your constituents when it snows and you have saved a woman from a burning house. Thats good work. I appreciate that. The city as a whole is coming together to do incredible things. What can the president do for cities as he goes into the second term . First of all, i have to say the grandeur of this day is incredible. I talked to my mom, she was here in 1964, organizing for the watch on washington. She cant believe that now theres a monument to Martin Luther king on the mall. And that an africanamerican president is being is being elected and for her, she said the most humble tone, these were dreams that were dangerous to even articulate when i was growing up and now im seeing america in that way. This is the beauty of this day. You have the president being inaugurated at a time that coincides with Martin Luther kings birthday. And its a good reminder that as tough as things seem, bob, as difficult and challenging of a moment we should in American History, this idea that we are a country that is constantly evolving and changing and the president has a chance to make some incredible history now. Immigration reform i think is going to be strong. I think he can find a note of unity on gun safety. Here you have a nation where over 80 of gun owners believe in things like universal background checks and closing secondary markets. This gives the president the arc of the moral universe and bending it to justice and showing that this country is strong at the core. Mr. Mayor, thank you for helping us put the day in perspective, especially since its simultaneously Martin Luther king day. Thank you for uniting this country. Left or right, republican or democrat, its a day to unite the country. Cbs News Coverage of Inauguration Day will continue in a moment. 1981, reagan moved it from the east front of the capitol to the west. The idea was to no longer toward europe but to the front. And the hostages held in iran for 444 days had been set free. A regular guy with an irregular heartbeat. The usual, bob . Not today. [ male announcer ] bob has afib Atrial Fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. I dont think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. But not anymore. Bobs doctor recommended a different option onceaday xarelto®. Xarelto® is the first and only onceaday prescription blood thinner for patients with afib not caused by a heart valve problem, that doesnt require routine blood monitoring. Like warfarin, xarelto® is proven effective to reduce the risk of an afibrelated stroke. 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