February 17th, 2012
04:16 PM ET
NEW YORK (CNNMoney) – The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year.
But income inequality, Europe's debt crisis, and continued weakness in the housing market could still pose challenges, according to a report released by President Obama's Council of Economic Advisers.
"While actions taken to prevent a deeper recession and to strengthen the recovery have made a difference, the nation is still recovering from that profound crisis and the problems that led to it," the Economic Report of the President said.
The document, which totals 454 pages, is the administration's blueprint for the economy, which outlines a plan to "recover, rebalance and rebuild." Much like Obama's recent State of the Union address, it focuses heavily on income inequality, and building an America where "everyone gets a fair shot."
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