President Obama named Time's 'Person of the Year'

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Obama is 'Person of the Year' again

Time taps the president for honor

New York – President Barack Obama has been named Time's "Person of the Year" for 2012.

The selection was announced Wednesday on NBC's "Today" show.

The short list for the honor included Malala Yousafzai, the Pakistani teenager who was shot in the head for advocating for girls' education.

It also included Egyptian president Mohamed Morsi and Bill and Hillary Clinton. Obama also received the honor in 2008, when he was President-elect.

Last year, "The Protester" got the honor.

Time's "Person of the Year" is the person or thing that has most influenced the culture and the news during the past year for good or for ill. In 2010, Facebook founder and CEO Mark Zuckerberg received the honor.

Other previous winners have included Federal Reserve Chairman Ben Bernanke, Bono and President George W. Bush.