The president will propose a package to help boost the economy and to reduce the deficit. The speech will detail new ideas, an official said, “a series of meaningful new jobs and growth initiatives.”…

The president will continue to push ideas he’s been laying out for days and weeks: a payroll tax cut, an infrastructure bank, patent reform, the passage of three trade deals, tax credits to encourage the hiring of veterans.

The speech will also include ways to reduce the deficit and to pay for the new programs, officials said.