Obama reassures Americans of future

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US President Barack Obama speaks during a prime time news conference in the East Room of the White House in Washington, March 24, 2009. [Agencies]

Obama said his administration was addressing the economic crisis on all fronts.

The latest efforts were announced earlier this week. On Monday, the Obama administration released details of a plan to thaw the nation's credit freeze by buying up toxic assets from banks.

Earlier on Tuesday, top economic officials pushed Congress for new powers to regulate non-bank financial companies, like failed insurer American International Group.

The administration's 3.6 trillion dollar budget plan for the 2010 fiscal year has been approved by Congress. Congressional Republicans criticized the plan as an over-spending, over-taxing disaster.