President Obama says al-Qaida is under more pressure than at any time since the September 11 terrorist attacks.

In his speech, Mr. Obama calls Osama bin Laden's death a victory for all who have served since the attacks. He says information recovered from the al-Qaida leader's compound show the terror group under “enormous strain” and on a “path to defeat.”

The president says U.S. forces have inflicted losses on the Taliban and taken a number of its strongholds. He says Afghan forces have grown and are already taking responsibility for security control in their country.