Obama commented Friday after meeting with members of his economic team, including Treasury Secretary Timothy Geithner (GYT'-nur), economics adviser Larry Summers and Christina Romer, chairman of the White House Council of Economic Advisers.
Obama said he's starting to see things get better. But at the same time he cautioned that the economy remains under "severe stress."
Obama said his administration will be taking additional steps in the next few weeks to help improve the business climate.
He said that he and his advisers discussed the stability of the financial system, the housing market and a program to help banks clear their books of the bad assets that holding up new lending.