It's official ... President Barack Obama is our president for a second term.

President Obama, first lady Michelle Obama and their two daughters, Malia and Sasha, all stood by in the Blue Room of the White House for the inauguration.

Mrs. Obama is wearing a navy Thom Browne coat and dress in a reflective fabric and a pattern based on the style of a men's silk tie. Under the coat, she's wearing a cardigan by Reed Krakoff and a belt from J.Crew. Her pale blue kitten-heeled shoes are also by J. Crew and necklace by Cathy Waterman.

Beyonce, Kelly Clarkson and James Taylor will perform during today's festivities.