In the world of political endorsements, this is a big one: Former Secretary of State Colin Powell endorsed Barack Obama on Thursday morning:



Asked whether it was an endorsement, he said, "Yes."

Powell praised the president's handling of the economy and ending of the Iraq War.

"I think we ought to keep on the track we are on," he said.

Powell said he had the "utmost respect" for Mitt Romney but criticized his tax plan.

He said Romney's foreign policy was a "moving target."