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President Barack Obama receives the oath of office from Chief Justice John Roberts as first lady Michelle Obama (L-R) and his daughters Malia and Sasha listen at the ceremonial swearing-in at the U.S. Capitol during the 57th Presidential Inauguration in Washington, Monday, Jan. 21, 2013. (AP Photo/Evan Vucci)

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Obama says 'America's possibilities are limitless'

Asserting "America's possibilities are limitless," President Barack Obama declared on Monday that a decade of war is ending and the nation's economy is recovering as he launched into a second term before a flag-waving crowd of hundreds of thousands on the National Mall.

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