It's ABC News but gives a good summary rundown of key events -
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By Friday evening, the National Security Council was advising the president on options, and Mr. Obama opted to give the Pentagon the authority to send a team of Special Operations forces to engage in potential emergency actions to save Phillips' life.
He gave the Pentagon the same authority on Saturday. The regulary briefings and MOTR discussions continued. But by that evening, the Special Forces teams hadn't taken action, and the National Security Council updated the president on the situation and planning for hostage contingencies.
The situation, however, seemed to Naval officials to be deteriorating. On Friday, Phillips had jumped off the lifeboat and tried to swim away, only to be dragged back into the boat by the pirates and tied up. A small Naval vessel approaching the boat had been chased away by warning shots fired into the air on Friday, but by Saturday those shots were fired near Phillips' head.
Thankfully, by Sunday the Navy SEALs and other Special Forces had taken control of the situation, and by Sunday night the president was on the phone with Phillips, safely on board the USS Boxer, his wife Andrea in Underhill, Vt., as well as Commander Frank Castellano, captain of the USS Bainbridge, and Vice Admiral William McRaven, Commander Joint Special Operations Command, to express appreciation for their work.
Shortly after 3 p.m. ET, the president had issued a statement saying he was "very proud of the efforts of the U.S. military and many other departments and agencies who worked tirelessly to secure Captain Phillips’s safe recovery," and noting his continued policy view that to halt the rise of piracy the United States "must continue to work with our partners to prevent future attacks, be prepared to interdict acts of piracy and ensure that those who commit acts of piracy are held accountable for their crimes."
And he added, "I share the country’s admiration for the bravery of Captain Phillips and his selfless concern for his crew. His courage is a model for all Americans."
http://blogs.abcnews.com/politicalpunch/2009/04/the-pirates-cri.html