The story

President-elect Barack Obama on Friday announced Leon Panetta as his pick for CIA director and retired Adm. Dennis Blair for director of national intelligence.

"Today we face a world of unconventional challenges," Obama said at a news conference. "Good intelligence is not a luxury -- it is a necessity."

Obama said Panetta and Blair are "public servants with unquestioned integrity, broad experience, strong management skills and the core pragmatism we need in dangerous times." Read full article »

CNN's Ed Henry and Kevin Bohn contributed to this report.

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