U.S. Vice President Joe Biden

U.S. Vice President Joe Biden

Jay Mallin/Bloomberg

U.S. Vice President Joseph Biden speaks to the media after a meeting at the Capitol in Washington, D.C. Biden, who met with House Democrats yesterday to rally votes for the compromise, said the plan has “one overwhelming redeeming feature:” removing the threat of a default on U.S. obligations after a months-long struggle between the White House and congressional Republicans over raising the $14.3 trillion debt limit.