He also said he believes the jobless rate will recede because the economy is growing, even if businesses haven't yet picked up the pace of hiring enough to send large numbers of people back to work.
Obama spoke as Vice President Joe Biden met at the Capitol with Senate Majority Leader Harry Reid and then other Democratic senators. House Democrats were holding their own closed-door meeting later Tuesday.
"It's something that's not done yet," said Reid, D-Nev. "We're going to have to do some more work," he said after the meeting with Biden and members of the Democratic rank-and-file.
Across the Capitol, House Speaker Nancy Pelosi issued a statement that said merely, "We will continue discussions with the president and our caucus in the days ahead."
- ‘Stay strong,’ says 15-year-old...
- Tiny houses big with consumers seeking...
- Ex-Utahn accused of killing 6 in Texas was...
- Gallup poll: Mormons like Obama least of all...
- Heads up! Supermoon is here
- Germany wins the World Cup on Mario Goetze's...
- Michelle Knight says fame that followed Ohio...
- Bergdahl set to resume life on active duty
- Utah to appeal same-sex marriage ruling... 69
- 83% of Utahns say Congress needs to act... 45
- Boehner, McConnell blast Obama border... 41
- Gallup poll: Mormons like Obama least... 40
- Ex-Utahn accused of killing 6 in Texas... 34
- President Obama aims to shift border... 26
- Thousands of unaccompanied migrant... 26
- Obama chides GOP for opposing his agenda 20