Politics

Day 85: Obama Talks Economy, Unveils Bo

By Brian Montopoli

April 14, 2009 / 7:30 PM EDT / CBS News

(AP Photo/Gerald Herbert)

On his eight-fifth day in office, President Obama took his argument for ambitious agenda to Georgetown University, where he lauded economic "glimmers of hope" while also warning that "by no means are we out of the woods."

"I absolutely agree that our long-term deficit is a major problem that we have to fix," he said. "But the fact is that this recovery plan represents only a tiny fraction of that long-term deficit…the key to dealing with our deficit and debt is to get a handle on out-of-control health care costs - not to stand idly by as the economy goes into free fall."

Later in the day, the president showed off the new first dog, Bo. The president, joined by his family, promised "we all have to take turns walking the dog."

Check out CBS Evening News coverage of the president's day below.