CNN Political Ticker

Obama focuses on economy in radio address

(CNN) - President-elect Barack Obama reiterated a call for fast action on the economy during the weekly Democratic radio address Saturday.

A day after stressing the economy in his first news conference since winning the presidency, Obama picked up the theme in the radio address.

Noting that nearly 1.2 million Americans have lost their jobs this year - including 240,000 in October - the president-elect said that "their stories are an urgent reminder that we are facing the greatest economic challenge of our lifetime, and we must act swiftly to resolve them."

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