The address came as he went out on his first official campaign trip Saturday, visiting college campuses in Ohio and Virginia.
In the Republican address, Sen. Bob Corker accused the administration and the Senate's Democratic leadership of fiscal mismanagement, saying they have put off difficult decisions that would tame government spending.
"The president punts on almost every tough decision," Corker said.
The Senate's failure to adopt a budget has helped create an atmosphere of uncertainty that is hurting businesses and impeding job creation, the Tennessee Republican said. He called for an overhaul of the tax code that eliminates most of the $1.2 trillion in loopholes and tax breaks, and lowers rates and broadens the tax base.
Obama address: www.whitehouse.gov
GOP address: www.youtube.com/gopweeklyaddress