It's almost time for the Presidential torch to be passed, and, in keeping with tradition, President-elect Barack Obama and Michelle Obama met with President George Bush and First Lady Laura Bush for the pre-Inauguration coffee at the White House. Michelle Obama, who is wearing a yellow Isabel Toldeo dress and coat with teal pumps (ooh), gave Laura Bush a gift—the NBC commentators did not recall seeing an incoming Presidential family giving the outgoing family a gift before.

Our site in Washington D.C., DCist, has all the details—a person was struck on the Metro's Red Line, the National Mall entrances started to close about an hour ago, and ticket holders are having trouble getting in! And DCist just started the liveblog with reports from the field—you can follow along by checking out this live video stream of NBC's coverage.