PRESIDENT OBAMA: One element that's not in this budget that needs to be passed right away is UI -- unemployment insurance. You’ve got potentially 1.3 million people who, during Christmastime, are going to lose their unemployment benefits, at a time when it’s still very difficult for a lot of folks to find a job. And that's not just bad for those individuals and for those families, that's bad for our economy and that's bad for our cities, because if they don't have the money to pay the rent or be able to buy food for their families, that has an impact on demand and businesses and it can have a depressive effect generally. In fact, what we know is the economists have said failing to extend unemployment benefits is going to have a drag on economic growth for next year.