Biden lauds 'crisis averted' with debt ceiling deal in first Oval Office address
- President Biden signed a budget agreement that avoids a first-ever US government default that would have led to economic shock waves. The bipartisan measure was approved by the Senate with 63-36, and the House with 314-117 votes, and gives legislators budget targets for the next two years.
- The bill restricts spending for the next two years and changes some policies, including imposing new work requirements for older Americans receiving food aid and greenlighting an Appalachian natural gas pipeline that many Democrats oppose.
213 Articles
213 Articles
Joe Biden celebrates 'crisis averted' with debt deal struck
President Joe Biden celebrated a “crisis averted” in his first speech to the nation from the Oval Office Friday evening, ready to sign a budget agreement that eliminates the potential for an unprecedented government default that he said would have been catastrophic for the U.S. and global economies. The bipartisan measure was approved by the Senate late Thursday night after passing the House in yet another late session the night before. Biden is…
Takeaways from Biden's Oval Office address on debt ceiling deal
U.S. President Joe Biden addressed the nation from the Oval Office for the first time on Friday night, praising the bipartisan debt deal passed by Congress this week. CNN's Laila Harrak talks to Thomas Gift, director of the Centre on U.S. Politics at University College London, about the key takeaways from Biden's address.
Biden from Oval Office: Avoiding economic collapse
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