“You guys are great, but Wall Street didn’t build America,” Biden told the donors. “You guys are incredibly important, but you didn’t build America. Ordinary, hard-working, middle class people given half a chance build America.”

Biden played a key role in gaining Senate support for several major pieces of Obama legislation, and was a main factor in convincing Senator Arlen Specter to switch from the Republican to Democrat. .[258][259]

He led the successful administration effort to gain Senate approval for the New START treaty.[258][259] In December 2010, Biden's advocacy within the White House for a middle ground, followed by his direct negotiations with Senate Minority Leader Mitch McConnell, were instrumental in producing the administration's compromise tax package that revolved around a temporary extension of the Bush tax cuts.[259][260] Biden then took the lead in trying to sell the agreement to a reluctant Democratic caucus in Congress,[259][261] which was passed as the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

In March 2011, Obama detailed Biden to lead negotiations between both houses of Congress and the White House in resolving federal spending levels for the rest of the year, and avoiding a government shutdown.[264] By May 2011, a "Biden panel" with six congressional members was trying to reach a bipartisan deal on raising the U.S. debt ceiling as part of an overall deficit reduction plan.[265][266]

The U.S. debt ceiling crisis developed over the next couple of months, but it was again Biden's relationship with McConnell that proved to be a key factor in breaking a deadlock and finally bringing about a bipartisan deal to resolve it, in the form of the Budget Control Act of 2011, signed on August 2, 2011, the same day that an unprecedented U.S. default had loomed.[267][268][269] Biden had spent the most time bargaining with Congress on the debt question of anyone in the administration,[268] and one Republican staffer said, "Biden's the only guy with real negotiating authority, and [McConnell] knows that his word is good. He was a key to the deal."[267

You cannot go back to the end of the Obama administration and think that that’s good enough,” Beto announced Thursday on Morning Joe, taking an impassioned swipe at both Joe Biden’s candidacy and Obama’s legacy. “