"The president is going to act," said Biden, giving some comments to the press before a meeting with victims of gun violence. "There are executives orders, there's executive action that can be taken. We haven't decided what that is yet. But we're compiling it all with the help of the attorney general and the rest of the cabinet members as well as legislative action that we believe is required."
Biden said that this is a moral issue and that "it's critically important that we act."
Biden talked also about taking responsible action. "As the president said, if you're actions result in only saving one life, they're worth taking. But I'm convinced we can affect the well-being of millions of Americans and take thousands of people out of harm's way if we act responsibly."
Source: Weekly Standard, "Biden: Obama Considering 'Executive Order' to Deal With Guns" by Daniel Halper 11:42 AM Jan 9, 2013