Obama speech on economy today

President Obama will deliver a speech on the economy today at Georgetown University. Scheduled for 11:30AM ET, the address will argue that progress has been made but more steps are needed.

The President will speak to an audience of labor leaders, religious groups, local elected officials and advocacy groups. Half of the audience will be Georgetown students and faculty.

At yesterday’s press briefing, Press Secretary Robert Gibbs previewed the speech:

[T]he President wants the opportunity to update the American people on where we are, what we have to do going forward, and lay out the steps that are being taken to help our economy recover, and to build from recession to recovery; to update the American people on the steps that are being taken related to financial stability and in regulation; and to, as he has talked about and I have talked about on a number of occasions, address some of the long-term gaps that he sees that have to be addressed in order to ensure that sustained economic recovery that he and the American people want so badly.