The Obama girls are going to have other chores to do while living in the White House, including making their beds and cleaning their rooms.
"That was the first thing I said to some of the [White House] staff when I did my visit," Michelle Obama told Walters. "Because of course, the girls, they're so good. I said, 'You know, we're going to have to set up some boundaries. Because they're going to need to be able to make their beds'" and clean their own rooms.
Michelle Obama added with a laugh, "Don't make their beds. Make mine."
Barack Obama said he was intent on having his children know they are special to their parents, "But they're not special, you know, in terms of having to do their homework or having to do chores."
The hourlong interview with Walters touched on the economy, Iraq, Afghanistan and energy issues, but it became more casual when Michelle joined her husband.
Obama joked that once he's president, "Hail to the Chief" will play every time he officially enters a room.
"I've been trying to get Michelle to do the same thing," he said.
"I saluted once," Michelle put in.
They agreed on one thing: Michelle gets the last word.
"When Momma's happy, everybody is happy," Obama explained.
Obama is getting his way when he gets to the White House. He had considered replacing the White House bowling alley with a basketball court.
"Well, it turns out there's a tennis court in the White House and I think the guys in charge say they maybe can put a couple of basketball hoops at either end," he said.
In the next few weeks the Obamas will celebrate the last holidays in their own home. The girls believe in Santa, their parents said, and will write letters to Santa.
Thanksgiving will be a big affair with 60 people, mostly Michelle's relatives, in Chicago. But she's not cooking this year.
"Don't you think ... my husband ran for president ... that I should get an out on cooking something for dinner? Don't you think, Barbara?" Michelle Obama pleaded.