Obama looking for 'right' budget balance
13 March 2013 Last updated at 12:17 GMT
Democrats and Republicans in the US are still in negotiations over the financial programme for 2014.
The Republicans have called for a "balanced" budget, which includes more spending cuts as well as the tax rises that Democrats have suggested.
President Obama told ABC News that the balance of addressing the country's debt must not fall on those least able to pay.