WASHINGTON, Jan 31 (Reuters) - U.S. President Barack Obama promised on Saturday to help lower Americans' mortgage costs with a new plan, coming soon, that would revive the financial system and "get credit flowing again."
Obama, who has made fighting the country's economic and financial crises the top priority of his young administration, called on the U.S. Senate to approve an economic stimulus bill that the House of Representatives passed this week.
But as economic conditions get worse the president said new strategies were coming to address the country's ills.
"Soon my Treasury secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families," Obama, a Democrat, said in his weekly radio address.
"We'll help lower mortgage costs and extend loans to small businesses so they can create jobs."
(Reporting by Jeff Mason; Editing by Eric Beech)