President Joe Biden to release his proposed federal budget Thursday in Philadelphia | USA TODAY

Republicans said they would not budge on raising the debt ceiling unless the Biden administration agreed on spending cuts.

RELATED: Biden budget calls for income tax on wealthiest Americans, more police spending

President Joe Biden will dare Republicans to reveal which government programs they want cut as he lays out his budget proposal Thursday that funds Medicare and Social Security long term by increasing taxes on the wealthy – and sets the stage for a 2024 reelection campaign.

To mark the unveiling of his budget for the next fiscal year, Biden returns to Philadelphia, a city in a critical battleground state that he's turned to for major political moments including the rollout of his 2020 presidential campaign and a primetime speech on the fate of democracy.

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