President Barack Obama receives an economic briefing from Brian Deese, Deputy Director of the National Economic Council, in Chilmark, Mass., August 24, 2011. (Official White House Photo by Pete Souza)

From Reuters:

The president is widely expected to repeat his calls for an extension of a payroll tax cut, push for patent reform and bilateral free trade deals, and suggest an infrastructure bank to upgrade the country’s roads, airports and other facilities.

Retrofitting schools with energy efficient technology would allow the government to directly hire for labor-intensive work and also give a boost to the clean energy sector that Obama has said could be an important U.S. economic motor.

Other measures being considered, according to economists who have advised the White House, include tax credits for firms hiring more workers, funds for local governments to hire teachers, and retraining help for the long-term unemployed. Steps to boost the ailing housing market are also under review.

Complicating the fall outlook, however, is an article circulating from the UK Telegraph with a heart-stopping headline that could change everything: