6:56 p.m.: Am watching live coverage on cnn.com and will be updating you on his press conference over the course of the next hour.
7:02 p.m.: Obama is ready to speak.
7:03 p.m.: Obama, beginning his prepared remarks, says "we are beginning to see signs of progress" concerning economic recovery.
7:08 p.m.: And the prepared remarks are over. The Associated Press gets the first question and many Americans are probably wondering, as am I, exactly why we are having this press conference.
7:15 p.m.: Here we are, approximately 15 minutes into this press conference and all I have heard are platitudes. Where are the specifics?
7:18 p.m.: Jake Tapper of ABC News asks if President Obama will sign the budget if it doesn't include the tax cut he advocated for. Obama says he fully expects the tax cut to be included, but doesn't directly answer the question.
7:22 p.m.: Chip Reid of CBS asked a very tough question concerning passing on debt to our children. It is the first question of the evening that I feel Obama has adequately answered. He cited where we began on January 20 versus where we have to go so that future generations don't suffer.
7:30 p.m.: If you were expecting as in-depth coverage of this press conference that you have come to expect from Life of Jason and Springfield City Council you are probably sorely disappointed at this point. I feel that it is important to relay the highlights from this press conference. So far, there hasn't been much to acknowledge.
7:37 p.m.: First CNN's Ed Henry gets a question. Now, Fox News Channel's Major Garrett is asking the President about China's proposal to create worldwide currency. Obama says it isn't necessary.
7:42 p.m.: You know... we could be hearing some Motown numbers from the Top 10 on American Idol right about now...
7:48 p.m.: Anne Compton asks about what role race has played in policy decisions and perceptions of this administration.
7:50 p.m.: A reporter from The Washington Times asks Obama about his feelings on embryonic stem cell research and federal funding of it. I find this one of the most interesting and thought provoking questions of the entire press conference.
7:54 p.m.: The one thing I will give Obama credit for this evening is his ability to actually speak fluently without the use of the teleprompter. Other than uhhhhs at the beginning of some of his phrases, his delivery has been consistent tonight.
7:58 p.m.: And now the press conference is over. Nothing extremely notable coming from the questions tonight, but once again I think that President Obama did a good job reassuring the people. There were not a lot of specifics, however. With that... the live coverage is over.
What did you think?