Here are four facts you need to know about the Senate-passed bill the House will consider next week to keep teachers in the classroom and police officers on the beat instead of in the unemployment line:
1. Saves and creates 290,000 American jobs (140,000 teacher jobs saved and 150,000 jobs created or saved, including police officers, firefighters and nurses).
2. These funds are needed immediately to prevent layoffs or actually rehire teachers and prevent law enforcement officers from losing their jobs.
3. Completely paid for, in part by closing tax loopholes that encourage corporations to ship American jobs overseas.
4. Cuts the deficit by $1.4 billion over 10 years.
UPDATE: The legislation will save or create more than 319,000 American jobs–20,000 more teacher jobs than reflected in previous estimates from the Department of Education (161,000 teacher jobs saved and 158,000 jobs created or saved, including police officers, firefighters and nurses).