Obama wakes early to news of Nobel win

(UNDATED) - The committee that awards the Nobel Peace Prize says it decided to give that prize to President Barack Obama to "promote what he stands for" and for the "positive processes" that he's started.

The prize was created partly to encourage ongoing peace efforts -- but Obama's work is at a far earlier stage than with past winners of the prize. President Barack Obama is the third sitting U.S. president to win the Nobel Peace Prize.

A beaming President Barack Obama says he's honored to win the Nobel Peace Prize, but says he isn't sure he's done enough to earn it.  Appearing in the Rose Garden Friday, Obama acknowledged he was "both surprised and deeply humbled" to win the award.

He said he does not "view it as a recognition of my own accomplishments," but rather as a recognition of goals he has set for the United States and the world. Obama said, "I do not feel that I deserve to be in the company of so many transformative figures that have been honored by this prize."

The first was President Theodore Roosevelt. He received the award in 1906 and was also the first American winner.

President Woodrow Wilson was awarded the prize in 1919 for his role in founding the League of Nations. The institution ultimately failed, but served as a forerunner of the United Nations.

Former President Jimmy Carter won the prize but not until 2002, more than 20 years after he left office. Carter was recognized for his mediation in international conflicts.

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