Text of Obama's latest news conference

OBAMA: Good evening. Now, before I take questions from the correspondents, I want to give everyone who's watching tonight an update on the steps we're taking to move this economy from recession to recovery, and ultimately to prosperity...

NVDL: No one should be talking about 'recovery' right now. For the full transcript click on the link below.

clipped from news.yahoo.com Q: But on AIG, why did you wait — why did you wait days to come out and express that outrage? It seems like the action is coming out of New York and the attorney general's office. It took you days to come public with Secretary Geithner and say, look, we're outraged. Why did it take so long? OBAMA: It took us a couple of days because I like to know what I'm talking about before I speak. All right.