President announces new vision for military

Defense Secretary Leon Panetta and General Martin Dempsey, chairman of the Joint Chiefs of Staff, will hold a news conference today to unveil a new "more realistic" vision for the U.S. military, including cuts to ground force numbers as a result of budget strains. And they're going to have a special guest --President Barack Obama. This event will also discuss the growing strategic importance of Asia as well as maritime and air power as the military reshapes itself for the coming years.