Tuesday night's address marked Obama's most expansive remarks on the economy since the November election. Since securing a second term, the president has focused more heavily on new domestic policy proposals, including immigration changes and preventing gun violence following the horrific shooting of schoolchildren in Newtown, Conn.
Obama also called on Congress to tackle the threat of climate change, another issue that eluded him in his first term. The president pledged to work with lawmakers to seek bipartisan solutions but said if Capitol Hill doesn't act, he'll order his Cabinet to seek steps he can take using his presidential powers.
Taking a swipe at those who question the threat of global warming, Obama said, "We can choose to believe that Superstorm Sandy, and the most severe drought in decades, and the worst wildfires some states have ever seen were all just a freak coincidence. Or we can choose to believe in the overwhelming judgment of science - and act before it's too late."
Obama also called on Congress to pass legislation giving the government more power to combat the rapidly growing threat of cyberattacks. And, as a down payment on that, the president announced that he has signed an executive order to fight electronic espionage through the development of voluntary standards to protect networks and computer systems that run critical infrastructure.
Associated Press writer Nancy Benac contributed to this report.