President Biden Tells Mayors He Will Hold Talks with GOP on National Debt

During a meeting with the nation's mayors at the White House this afternoon, President Biden says he will be holding talks with House Speaker Kevin McCarthy on the national debt. He says the focus needs to be on not accumulating more debt while also continuing to pay down the deficit year on year, which he says his upcoming budget will do. The president says he will address the issue of cuts and tax increases in his State of the Union address to the Joint Session of Congress on February 7, noting that there is "fundamental disagreement" between both parties on the issue. "Do we cut Social Security or raise taxes on billionaires," the president says framing the looming battle. close