WASHINGTON (CNN) - President Barack Obama, who arguably won a large chunk of political capital in the 2008 election, is now looking to cash in as he urges Congress to pass a massive economic stimulus package.
But questions about how to spend the money and concerns about the last stimulus package under former President Bush, may create a roadblock.
It's something the newly minted president is hoping to avoid. But like most things in Washington, cooperation doesn't come easy.
And that may be why Obama painted an extremely grim portrait of the nation's economy on Saturday - just hours before he met with his economic team, and days before he meets with Republicans leaders on Capitol Hill.
"We begin this year and this administration in the midst of an unprecedented crisis that calls for unprecedented action," he said in his weekly radio and Internet address. "Just this week, we saw more people file for unemployment than at any time in the last 26 years, and experts agree that if nothing is done, the unemployment rate could reach double digits."
Obama pleaded for quick action, warning, "a bad situation could become dramatically worse." Watch Obama's weekly address
The president urged congressional members to quickly pass an $825 billion economic stimulus package, which he hopes will create up to 4 million jobs over the next two years.