Bloomberg off and running early with some of the implications from the speech:
- Obama urged Congress to back two priorities for U.S. multinational corporations: broader authority for his administration to negotiate trade deals, and changes to immigration laws.
- sought fast-track authority to give lawmakers an up-or-down vote on trade deals as the U.S. tries to complete agreements with the European Union and Pacific nations
- He supports lowering the corporate tax rate and curtailing tax breaks, then using any one-time revenue generated by those changes to pay for bridges, transit and other infrastructure.
- called for increasing the federal minimum wage to $10.10 per hour
More at Bloomberg
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Another take on the speech, this time from AP: Analysis: Obama’s agenda more bite-sized than bold
And more, from the Washington Post: Obama prepared to avoid Congress, go it alone on carrying out modest initiatives
