The two leaders will discuss a range of issues before the US President gives an optimistic speech declaring that the West is "turning a corner" towards a new international order.
The President's motorcade swept into Downing Street shortly before 10am, where Mr Cameron greeted his US counterpart.The pair shook hands and smiled on the steps of No 10 before going inside to begin the real political business of Mr Obama's state visit.
Mr Obama will insist the alliance between their two countries is key to providing global security after a ''difficult decade''.
A joint press conference following the talks in Downing Street is likely to be studied intently for clues to the strength of their ''special relationship''.The two men will also attend a barbecue hosted by their wives at No 10, attended by US and British military personnel, where they will announce a new Service Personnel Task Force to share best practice on supporting members of the armed forces and their families.
However, the highlight of the day is likely to be Mr Obama's keynote speech in the historic venue of Westminster Hall this afternoon.
Following in the footsteps of Nelson Mandela and the Pope in addressing both houses of Parliament, he will say that even though the world has changed significantly since the Second World War, the relationship and the broader transatlantic alliance is still the ''cornerstone of global security''.
The ''Arab Spring'' in the Middle East and North Africa reinforce that the allies' shared beliefs are ''not just relevant but
essential'', he is to say.
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