Obama sees good signs in US economy
President Barack Obama has expressed growing confidence in efforts to revive the economy ahead of a White House press conference on Tuesday aimed at rallying Americans behind his reform and recovery efforts.
The showpiece White House event is the culmination of a week-long public relations offensive designed to raise Obama's agenda above the clamor of a row over AIG bonus payments and opposition Republican carping at his sweeping spending plans.
The news conference at 8:00 pm (0000 GMT) follows two television interviews and a tour of California last week.
The press conference will take place a day after Obama said he detected "glimmers of hope" in the housing sector and stocks soared nearly seven percent, in a rare moment of respite for the new administration.
The president said he was "very confident" in the effort to revive banks by offering government incentives for private investors to buy up to a trillion dollars in toxic assets which choked lending and sparked the recession.