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Obama says U.S. making progress against recession

WASHINGTON
Tue Mar 24, 2009 7:52pm EDT

WASHINGTON (Reuters) - President Barack Obama said on Tuesday his multi-pronged strategy to try to combat the economic crisis was making progress, but he cautioned Americans to be patient and said it would take time.

Barack Obama

"We've put in place a comprehensive strategy designed to attack this crisis on all fronts. And we are beginning to see signs of progress," Obama said in remarks prepared for delivery at a White House news conference.

Obama defended his $3.55 trillion 2010 budget blueprint, which opposition Republicans and even some Democrats have criticized for being too costly, saying it was crucial for laying the foundation for lasting prosperity.

Obama said his budget would pave the way for broad economic growth "by moving from an era of borrow and spend to one where we save and invest."

(Editing by Chris Wilson)

(ross.colvin@reuters.com; Reuters Messaging: ross.colvin.reuters.com@reuters.net; +1 202-898-8392))
Barack Obama


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