Watch Live: Biden speaks as U.S. approaches debt ceiling

President Biden is delivering remarks on the debt ceiling Monday, as the U.S. rapidly approaches its debt limit, risking default.

"Well, I hope Republicans won't be so irresponsible as to refuse to raise the debt limit and to filibuster the debt limit," Mr. Biden said Saturday before leaving the White House. "That would be totally unconscionable. Never been done before. So I hope that won't happen."

Treasury Secretary Janet Yellen has warned lawmakers the U.S. will reach its debt ceiling on roughly October 18, just 14 days away. She and other officials are warning of serious problems if the U.S. can't suspend or raise the debt limit.