Congressional leaders present gifts to President Joe Biden, VP Kamala Harris

President Joe Biden is presented with gifts from Congressional leaders, including engraved, glass vases, American flags and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Former Sen. Bob Corker said on CNBC he believes President Joe Biden struck the right tone in his inauguration speech.

However, the Tennessee Republican cautioned that even with Biden’s calls for unity, clear ideological differences remain between the GOP and Democrats and suggested a new political party could form.

“For years ... people have talked about having an independent party that linked together the more moderate, centrist individuals on both sides of the aisle that really want to solve our nation’s problems,” said Corker, whose Senate tenure ended in January 2019.

“Then we’ve had people on ... more extremes of the parties that have pulled it in a different direction on both sides. I think we’re going through a period of time where it’s very possible you could have a different party break out.”

But more immediately, Corker told CNBC’s Shepard Smith he wants to see current Republicans and Democrats in Washington work to address issues facing the country.

“I hope that both parties will get serious about making our nation stronger,” Corker said. “President Biden’s speech indicated that’s the direction he wants to go and I’d like to see that occur, but there will be policy differences.”

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