But the president found time for some lighter moments on ABC's " Live with Kelly and Michael" Friday morning too.
Here's what we learned:
1. He and former opponent Hillary Clinton are "buddies"
He ran a fierce primary campaign against Sen. Hillary Clinton in 2008. But Obama insists he and his former rival are now close.
"Hillary and I - we're buddies," he told Kelly. "The perception was that this was always a marriage of convenience when she came in a secretary of state - I always admired her. As soon as she got here, she couldn't have been more effective, more loyal. And since that time, we've become really, really good friends."
"I don't know what she's going to decide to do, but I know that if she were to run for president, I think she'd be very effective at that," he said.
2. He can hardly believe Malia's almost grown-up
"Malia did have her first prom," the president said of his eldest daughter. "I think it's fair to say that the first time you see your daughter in heels is a little bit - jarring. She's lovely. She's beautiful."
When asked if Malia, who will turn 16 on July 4, was escorted by a date, Obama remained tight-lipped.
"I think this is all classified information," joked the president, who has on several occasions laughingly threatened potential suitors with predator drones.
"The girls are doing great," he continued. "We worried when we were coming here… Are they going to start having an attitude? And they have just remained respectful, kind, considerate people."
3. He's still got moves
"I'm a pretty good dancer for a 52-year-old man," Obama bragged.
He did admit, though, that the first lady would probably outperform him on "Dancing With the Stars."
(You may recall then-Senator Obama once busted a subtle-but-cool move on "The Ellen Degeneres Show" in 2007. And of course, all eyes were on Obama and the first lady in January 2009, when the first couple shared their first dance at the Inaugural Ball.)
4. He doesn't dye his hair - and he's not going to.
Rumors about Obama's hair have been swirling since the White House unveiled his presidential portrait in 2008.
Michelle Obama denied them in 2011, saying, "I think that if he had known he would be president, he would have started dying his hair, like, 10 years ago."
And when asked if he had ever considered it, the president was emphatic: "I have not," he said. "I'll be honest with you. I see Michelle in the hair salon. It's just too much work. It takes me - it takes my barber 20 minutes to cut my hair."
5. He's a night owl.
But his idea of sleeping late is about 7 a.m.
"I'll be honest with you, I'm more of a night guy than a morning guy," the president told Kelly, adding that he often stays up until 2 a.m. reading briefs.
But sleeping in isn't what he misses most about life as a normal citizen.
"I'd go take a walk. I would just walk out this gate. I might walk up to the Lincoln Memorial, sit on there. Maybe I'd wander around and find myself at a little outdoor cafe or sit and order something and just watch people go by. The thing you miss most about being president is anonymity," Obama said.