President Barack Obama is expected to tell Congress is his State of the Union address that it's time to restore the nation's belief in "opportunity for all." And according to excerpts that have been released, he'll tell lawmakers that he will act on his own "wherever and whenever" he can. Correspondent Major Garrett has a preview.

"One of the things the President will say is 'our job is to reverse these tides, what I offer tonight is a set concrete practical proposals to speed up growth, strengthen the middle class, and build new ladders of opportunity into the middle class.  Some require congressional action, and I'm eager to work with all of you.'  

The President will take some action on his own.  He eventually will sign an executive order raising the minimum wage for some federal contract workers to $10.10 an hour, but the White House has not told us when that executive order will be signed or how many workers will be affected.

President Obama will highlight income inequality in his speech.  He will also likely call for an extension of longterm unemployment benefits, which expired last month for over 1.3 million Americans.  

Some Democrats are warning President Barack Obama to tread carefully on the subject of an improving economy tonight.  Democratic political analysts James Carville and Stan Greenberg wrote recently that a lot of the statistical improvement like Wall Street and GDP don't translate to something average Americans feel in their daily lives.

KFBK will broadcast the speech live at 6 pm followed by live talk with John McGinness until 10 pm.

Click here to listen live.