POSTED: Monday, November 21, 2011 - 3:28pm
UPDATED: Monday, November 21, 2011 - 6:09pm
NBC NEWS — The Debt Reduction Supercommittee may be on the verge of failure, but there was a glimmer of bi-partisanship in Washington today.
President Obama signed legislation that gives tax breaks to companies that hire unemployed veterans.
The bill passed congress on a bi-partisan basis last week. It's the first part of President Obama's $447 billion jobs plan to become law.
The president said this was a message to veterans that Americans would stand by them, no matter how long it takes for them to find a job.
Mr. Obama also hailed Democrats and Republicans for working together, but urged them to keep finding ways to put people back to work.
"If they can save lives on the battlefield, then they can save a life in an ambulance,” said Obama. “If they can manage convoys moving tons of equipment over dangerous terrain, they can manage a company's supply chain. If they can track millions of dollars of assets in Iraq, they can balance the books of any company here in the united states."
The president said the law will help more than 850,000 unemployed veterans. That number is expected to grow as troops continue to return from iraq and afghanistan.