Biden's Take on Jobs and the Debt Ceiling.

President Joe Biden warned that the low unemployment rate in Friday's jobs report could disappear if House Republicans do not increase the debt ceiling soon. Biden praised the figures but warned if Republicans did not agree to lift the debt ceiling and prevent a default, the impact on the economy could be catastrophic. Lifting the debt ceiling is necessary for the government to cover existing spending commitments already approved by Congress and the president. Biden will meet with the four top congressional party leaders at the White House next week and try to reach a deal.