The two companies recently teamed up for the record setting coverage of Obama's inauguration, which CNN claims was the largest live video event in internet history.
On February 24, will provide streamed coverage of Obama's speech to Congress, in which he is expected to confront the US' economic problems.
It will also offer analysis from a number of anchors produced specifically for the digital audience.
The site will enable users to update their status directly from the CNN.com Live player, where they will also be able to see status updates from their friends and other Facebook users.
On Facebook, the status updates for those using CNN.com Live will be published in their News Feed with hyperlinked tags that read "via CNN.com Live". Users' friends can click the link to watch the CNN.com Live coverage.
CNN.com Live's online coverage will begin at 8am in Washington and run until 5am on February 25. It will include Republican governor Bobby Jindal's rebuttal to Obama's speech.
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