Obama Says Latest Economic News Demands Action

President Barack Obama says the latest jobless numbers demand action and it's "inexcusable and irresponsible" for Congress to delay on his economic recovery package.

In prepared remarks for a White House appearance, the president pointed to the unemployment report for January. Employers slashed payrolls by 598,000, the most since the end of 1974, catapulting the unemployment rate to 7.6 percent.

He said that's 3.6 million Americans who wake up wondering how they are going to pay their bills, Americans who need help.

Obama said he is certain members of the Senate are reading the same numbers. He said he hopes they share his urgency to act and pass his recovery package.

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