In his weekly radio and Internet address, Obama says there are signs of progress in real estate, manufacturing and job-creation.
But other signs are worrying. Unemployment ticked up from 7.8 percent in December to 7.9 percent in January. And the Commerce Department says the economy shrank at an annual rate of 0.1 percent in the final months of 2012.
Obama says the U.S. must lower health care costs and close tax loopholes for corporations and the wealthy.
In the Republican address, Rep. Susan Brooks of Indiana says Democrats must get serious about the nation's spending problems. She's calling on Senate Democrats to pass a budget.
Obama address: www.whitehouse.gov
GOP address: www.youtube.com/HouseConference