The Note's Must-Reads are a round-up of today's political headlines and stories from ABC News and the top U.S. newspapers. Posted Monday through Friday right here at www.abcnews.com

Compiled by ABC News' Jayce Henderson, Amanda VanAllen and Jordan Mazza

INAUGURAL ADDRESS ABC News' Devin Dwyer and Mary Bruce: "President Obama Calls for 'Collective Action' on Nation's Challenges" Invoking the nation's founding values, President Obama marked the start of his second term today with a sweeping call for "collective action" to confront the economic and social challenges of America's present and future. LINK

The Hills' Jeremy Herb: " Republicans: Obama should have reached out more in address" Republican lawmakers criticized President Obama's inaugural address Monday, saying he failed to reach out to their party. "I would have liked to have seen some outreach," said Sen. John McCain (R-Ariz.), who lost to Obama in the 2008 presidential race. LINK

The Los Angeles Times' Paul West and Christi Parsons: " In Obama's inaugural speech, a sweeping liberal vision" Allowing that "our journey is not complete," President Obama offered a robust liberal vision of America in his second inaugural address, embracing gay rights, action on climate change and a substantial role for government even as he acknowledged the challenges of a bitterly divided nation. An ocean of American flags waved under overcast skies and hundreds of thousands of faces tilted up just before noon Monday as Obama stood on the Capitol's West Front and repeated the oath of office in America's 57th presidential inauguration. LINK

The New York Times' Peter Baker: " Obama Offers Liberal Vision: 'We Must Act'" Barack Hussein Obama ceremonially opened his second term on Monday with an assertive Inaugural Address that offered a robust articulation of modern liberalism in America, arguing that "preserving our individual freedoms ultimately requires collective action." LINK

Politico's John Harris and Jonathan Martin: " Obama: On offense for liberalism" Barack Obama began his second term by delivering the most ideologically ambitious speech since Ronald Reagan's first inaugural address a generation and a half ago. Reagan announced his conservative intentions by arguing, "In this present crisis, government is not the solution to our problem; government is the problem." LINK

USA Today's Susan Page: " Analysis: Obama's speech takes on divisive issues" Less hope. More opportunity. Barack Obama's first inaugural address to an unprecedented 1.8 million massed on the National Mall was buoyed by exuberance over the historic moment of swearing in the first African-American president - but it was also defined and limited by the unfolding financial crisis that dominated his first term. LINK

The Boston Globe's Matt Viser and Bryan Bender: "Marking the start of second term, Obama calls for unity and action" President Obama on Monday planned to call on a nation divided by sniping politics - and a Washington split into bitter partisan factions - to come together as he is ceremonially sworn into office and begins his second term. As he puts his left hand on a stack of Bibles - one belonging to Abraham Lincoln, the other to Martin Luther King, Jr. - Obama will be sworn in just before noon by Supreme Court Chief Justice John Roberts after Vice President Joe Biden takes the oath from Justice Sonia Sotomayor. President Obama on Monday used his second inaugural address to call for a new spirit of unity to solve the nation's challenges, from economic disparity to gay rights to climate change, urging a recommitment to the country's founding principles of equality. LINK

INAUGURATION The New York Daily News' Christina Boyle and Jonathan Lemire: " ALL ABOARD: New Yorkers head down to Washington to witness history as President Barack Obama is sworn in for second term" They came by train, by plane and by car. They were up before the sun. They bundled up against the cold. They brought their children and told them they were about to witness history. LINK

The Washington Post's David Fahrenthold: " President Obama takes second oath of office at inauguration" A self-assured President Obama on Monday used his second inaugural address to lay out a bold liberal vision of the American future, drawing direct links between the origins of the republic and some of the most vexing political issues of the day. The usual inauguration choreography of prayers and poems and crowds became a powerful demonstration of history's arc: The first African American president was taking his second oath of office on a day named for the Rev. Martin Luther King Jr. on the Mall where King thundered almost 50 years ago about the United States' unfulfilled promise. LINK

Bloomberg's Julie Bykowicz & Lisa Lerer: " Obama Sworn-In as Beyonce Soars, Parade Lasts Into Night" A crowd of hundreds of thousands of people, including warmly dressed women with American flags stuck in their hair, a smattering of celebrities and many Republicans, gathered yesterday to witness President Barack Obama take his second oath of office on the steps of the U.S. Capitol. "We are made for this moment and we will seize it so long as we seize it together," Obama said as applause rose. LINK BENGHAZI The Washington Times' Shaun Waterman and Guy Taylor: " Republicans expect Clinton's account of Benghazi" Secretary of State Hillary Rodham Clinton likely will face tough questions about the deadly Sept. 11 terrorist attack on the U.S. mission in Benghazi, Libya - including how the U.S. ambassador went missing for several hours during the assault - when she meets Wednesday with the House and Senate foreign affairs committees. The appearance, likely to be her last before Congress, will cap her time as secretary of state by revisiting one of the most bitterly contested and controversial episodes of her tenure. LINK

DEBT The Wall Street Journal's Janet Hook and Damian Paletta: "GOP Moves To Extend Borrowing Authority" House Republicans on Monday moved to extend U.S. borrowing authority until May 19, setting a timeline for the next phase of budget wrangling between the White House and Congress. LINK

ABC NEWS VIDEO: "President Obama's Big Day" LINK

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