President Joe Biden will deliver a speech at the House Democratic Caucus Issues Conference in Baltimore, Maryland, ahead of the release of the administration's federal budget proposal.

Biden is likely to discuss big-ticket items such as the $1 trillion Bipartisan Infrastructure Law and the CHIPS Act, which boosted semiconductor production and increased funding for research and development.

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The speech comes as the White House and House Republicans are battling over raising the debt ceiling, with GOP lawmakers looking to cut discretionary spending severely.

Republicans are expected to use the debt ceiling negotiations to exact concessions from Biden in exchange for votes.

Biden's budget proposal is expected to be released on March 9, with Republicans releasing their own plan in April. On Tuesday, he said he plans to raise taxes and bashed the GOP for its alleged attempts to restrict benefits for retirement and healthcare.

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Over the last month, Biden has accused Republicans of wanting to cut Social Security and Medicare, which a majority of GOP members have blasted as inaccurate.

Biden's speech will begin at 6 p.m. on Wednesday.