Obama, in Speech, to Focus on Income Disparities

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WASHINGTON (AP) -- President Barack Obama is putting a renewed focus on the income gap between rich and poor as he pushes for short-term congressional action and begins setting the domestic agenda for the remainder of his presidency.

The president plans to deliver an address later today to argue his case that income inequality and wage stagnation are threatening upward mobility and retirement security. The speech comes amid growing national and international attention to economic disparities -- from the writings of Pope Francis to the protests of fast-food workers in the U.S.

Obama is not expected to use the speech to propose new policy initiatives. But the White House says he will reiterate his call for an increase in the minimum wage and promote possible economic benefits of the troubled health care law.

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