Colombia's President Santos wins Nobel Peace Prize

President Obama won the Nobel Peace Prize in 2009 -- when he was barely in office. It was seen more as encouragement to the new leader than a reward for his accomplishments. In Oslo today, the Norwegian Nobel Committee announced this year's award to the President of Colombia, Juan Manuel Santos "for his resolute efforts to bring the country's more than 50 year long civil war to an end, a war that has cost the lives of at least 220,000 Colombians and displaced close to six million people."

But here's the irony. Just last Sunday, Santos' historic peace deal with FARC rebels was rejected by Colombia's voters. Nick Miroff, Latin American correspondent for the Washington Post, reports on the ironic circumstances surrounding this year's Nobel Prize for Peace.

President Juan Manuel Santos reacts after learning that he was

awarded the 2016 Nobel Peace Prize.