In a press conference, Obama mentioned a sharp increase in small business loans and progress in the housing market including historically low mortgage rates and increased refinancing.
The president though was cautious about predicting the future and said the economy was still "under severe stress."
Obama sees signs of economic progess
Reuters - 3 hours ago
By Matt Spetalnick WASHINGTON (Reuters) - President Barack Obama said on Friday the recession-hit US economy was showing "glimmers of hope" despite remaining under strain and promised further steps in coming weeks to tackle the financial crisis.
Comment by Dan SteinPres., Federation for American Immigration Reform
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