Obama Gives Bad & Good News

"The bad news is well known to Americans across this country," President Obama said during his weekly address. The good news is that the "House passed the American Recovery and Reinvestment Act, which will save or create three million jobs over the next few years."

What will the American Recovery and Reinvestment Act do for businesses? Obama spoke about how the Act will help businesses:

Soon my Treasury Secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families. We'll help lower mortgage costs and extend loans to small businesses so they can create jobs. We'll ensure that CEOs are not draining funds that should be advancing our recovery. And we will insist on unprecedented transparency, rigorous oversight, and clear accountability -- so taxpayers know how their money is being spent and whether it is achieving results.