The address will include a “healthy dose” of the income inequality message the White House has focused on in recent weeks, according to one senior administration official familiar with the text.

A president who has yet to add to the big legislative accomplishments of his first term will call for raising the minimum wage to $10 per hour and extending federal unemployment benefits that expired last month.

He will also discuss energy and college affordability, two other issues that relate to the economic mobility message that is a major White House theme ahead of this year’s midterm elections…

Obama — who has trumpeted 2014 as a “year of action” — will also devote considerable time in the address, which he’s been working on for the past month, on how he’ll use executive action to move along his agenda, the official said.