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Carney: Obama's Plan "American Jobs Act" Is "Fully Paid For"

"The President will announce he is putting forward the 'American Jobs Act.' His proposals, all of which have traditionally had broad bipartisan support that will absolutely, if passed, lead to greater job creation and economic growth. Congress can do this now, right away. It's fully paid for. If they come back from their five-week recess and decide it's time to listen to the American people and get things done instead of bicker and posture," White House press secretary Jay Carney told MSNBC's "Morning Joe."

President Obama will also call for an extension of unemployment benefits. He is likely will propose Congress allow those using the program to have 99 more weeks.

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