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Sunday, March 22, 2009

WASHINGTON (Reuters) - One of President Barack Obama's top economic advisers said on Sunday that she was "incredibly confident" the president's efforts will turn the U.S. economy around within one year.
Christina Romer, head of the White House Council of Economic Advisers, said because of the programs Obama was implementing, "We will be seeing signs the economy is turning around ... (it) is growing again."
She told the "Fox News Sunday" program that she was "incredibly confident" that the president's programs will turn around the slumping U.S. economy.
"That's why we're taking them," she said. "We absolutely think they will do the job for the American economy."
The Obama White House is expected this week to roll out a three-pronged bid to cleanse the U.S. financial system of "toxic" assets clogging banks' balance sheets, a source familiar with the plan told Reuters on Saturday.