Obama's First 100 Days: What He's Done So Far

President Barack Obama urged fellow G20 leaders on Tuesday to agree immediate action to boost the global economy at a London summit next month.

In an article for German newspaper Die Welt, Obama called for a deal on quick fiscal stimulus measures at the April 2 meeting which he said could open the way to a global recovery.

CNBC.com

The comments highlight the differences between the United States and Europe on the need for further stimulus measures on top of packages that governments already have adopted.

"First we must take quick measures to stimulate growth," Obama wrote in the article, according to the German translation of his comments.

Obama said the United States and other G20 members had taken fiscal steps to boost growth but added: "These efforts should be robust and sustained until demand has been restored."

He said the United States was ready to lead the way to revive the world economy and bolster renewed confidence.

And the president will hold a national press conference from the White House Tuesday night at 8 pm EST. He's expected to answer questions about the economy, AIG bonuses as well as his stimulus and budget bills.

Meanwhile, Nobel Prize-winning economist Joseph Stiglitz said the U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak.

"The Geithner plan is very badly flawed," Stiglitz told Reuters in an interview during a Credit Suisse Asian Investment Conference in Hong Kong.

Keep track of what Obama has been doing since taking office:

Day 63: Geithner: New Plan Will Help Credit Flow (Mar. 23)

• Geithner told CNBC that the government's highly-anticipated plan to deal with troubled mortgage loans and assets is just the latest effort to stem the financial crisis. (Full Story)
• The Treasury revealed details of a highly-anticipated plan to set up public-private investment funds that will buy up to $1 trillion in troubled loans and securities at the heart of the financial crisis. Market reaction was positive with stocks—especially those of financial firms—rising around the globe, while the dollar was stable. (Full Story)

Day 62: Economy to Rebound Within a Year? (Mar. 22)

• Obama said the financial system could still implode if a large bank were to fail, and "big problems" could result if the government does not try to lessen the risk. "I think that systemic risks are still out there," Obama said in an interview on the CBS program "60 Minutes." "If we did nothing you could still have some big problems. There are certain institutions that are so big that if they fail, they bring a lot of other financial institutions down with them." (Full Story)
• The Obama administration is "incredibly confident" the U.S. economy will rebound within a year, a top adviser said before a critical week in efforts to flesh out and sell the president's recovery agenda. (Full Story)
• Geithner is set to reveal details on Monday of a plan to set up public-private investment funds that could buy up to $1 trillion in troubled loans and securities at the heart of the financial crisis. (Full Story)

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