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President Barack Obama will outline to the nation on Wednesday his administration's plans for fighting the Islamic State of Iraq and the Levant and does not expect to ask Congress for approval to act, he said in an interview airing Sunday.

"I'm preparing the country to make sure that we deal with a threat from ISIL," Obama said in an interview conducted at the White House Saturday to mark Chuck Todd's first show as moderator of NBC's "Meet the Press."

"There's going to be an economic element to this. There's going to be a political element to it. There's going to be a military element to it," he said, without going into more detail. "And what I want people to understand, though, is that over the course of months, we are going to be able to not just blunt the momentum of ISIL. We are going to systematically degrade their capabilities. We're going to shrink the territory that they control. And ultimately we're going to defeat 'em."

After months of assessing the threat posed by ISIL and several weeks of securing U.S. personnel in Iraq, "the next phase is now to start going on some offense," Obama said, and he'll use Wednesday's speech to explain to Americans how he intends to move forward.

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