Obama to cite income gap in economic speech

AP News
Posted: Dec 03, 2013 5:02 PM
Obama to cite income gap in economic speech

WASHINGTON (AP) — President Barack Obama wants to draw attention to the income gap between rich and poor in an economic address meant to both spur short-term congressional action and help set the agenda for the remainder of his presidency.

The White House says Obama in a speech Wednesday will renew his call for increasing the minimum wage, arguing that growing income inequality and stagnant wages threaten upward mobility and retirement security. Polls show the economy remains the single biggest concern for Americans, despite recent focus on problems with the health care law.

Obama also is expected to call on Congress to make a deal on 2014 spending, pass a farm bill with enough money for food stamps and extend unemployment insurance for the long-term unemployed before the end of the year.