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Economy Has Stepped Back from Brink: Obama
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The U.S. economy is showing signs of stabilizing after suffering the worst economic crisis in decades, President Barack Obama said Wednesday.
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CNBC.com Barack Obama |
Obama took credit for much of the turnaround, saying his young administration had accomplished as much or more in its first four months as any administration since Franklin Delano Roosevelt's in the 1930s.
But though the economy is showing signs of being on firmer ground, Obama said there was still much work to be done to get the United States' fiscal house in order.
"We can't rest on our laurels because we've got a lot of work to do" in areas ranging from health care to education to curbing dependence on foreign oil, he said.
Copyright 2009 Reuters. Click for restrictions.
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