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Published 4 months ago

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.
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Times of IndiaTimes of India

US House passes debt ceiling bill, 'crisis averted' says President Joe Biden from Oval office

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.

4 months ago·India
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BBC NewsBBC News

Biden says debt ceiling deal averted 'economic collapse'

The US president signs the package into law on Saturday after it cruised through Congress.

4 months ago·United Kingdom
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News18 IndiaNews18 India

Biden Says ‘Catastrophe Averted’ as US Escapes Default, Lauds McCarthy in Address to Nation

Biden in his speech to the nation said the US appears more optimistic and thanked both Democrats and Republicans for keeping the US from collapsing.

4 months ago·India
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The GuardianThe Guardian

Biden praises passage of debt ceiling bill in Oval Office address ahead of signing it

President described how ‘no one got everything they wanted, but the American people got what they needed’ during brief speech

4 months ago·London, United Kingdom
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ReutersReuters

Biden cheers debt ceiling 'crisis averted' from Oval Office

U.S. President Joe Biden declared a "crisis averted" on Friday in his first address from the White House's Oval Office, touting the passage of a bill to suspend the U.S. debt ceiling and avoid economic catastrophe.

4 months ago·United Kingdom
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CTV NewsCTV News

Biden celebrates bipartisanship, 'crisis averted' in Oval Office address on debt ceiling deal

U.S. 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.

4 months ago
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