During his press conference to discuss the economy today, President Obama acknowledged it was a "slow recovery" and said that while he was doing everything possible, "Because I am president, and the Democrats have control the House and Senate, it's understandable that people are saying, 'What have you done?"' CNBC reports, "Obama insisted again that Bush-era tax cuts be extended for individuals earning over $200,000 a year and joint filers earning over $250,000." Obama says Congress should pass the middle class tax cuts, "I’m prepared to work on a bill and sign a bill this month to ensure that middle class families get tax relief," but Republicans are "holding middle-class tax relief hostage" in order to "give tax relief to millionaires and billionaires."