Biden Vows No Default on Debt, Urges GOP to Find Common Ground

Biden set to reprise so-called ‘unity agenda’ in speech
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WATCH: President Joe Biden says “to my Republican friends, if we could work together in the last Congress, there is no reason we can’t work together in this new Congress.” Source: Bloomberg

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By Josh Wingrove, Jordan Fabian, and Jennifer Jacobs

February 7, 2023 at 11:31 PM UTC

Updated on

February 8, 2023 at 3:35 AM UTC

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President Joe Biden vowed to not allow the US to default on its debt, calling on Congress to raise the debt-ceiling and chastising Republicans seeking to leverage the standoff to force spending cuts.

Biden’s State of the Union speech Tuesday hewed heavily to economic themes, striking a blue collar tone in calling for higher taxes on billionaires and tax buybacks, new consumer protections and antitrust efforts, while urging Congress to break through partisan gridlock and pass new measures.