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Biden celebrates “crisis averted” after debt deal passed in US Senate

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U.S. President Joe Biden spoke to Americans from the Oval Office Friday after the U.S. Senate passed critical debt ceiling and spending legislation that will ensure the country avoids a federal default.

Biden said passing the budget agreement was “critical” and called it a “crisis averted” as he spoke from the Resolute Desk.

“I know bipartisanship is hard and unity is hard. But we can never stop trying,” he said.

“Because in moments like this one -- the one we just faced – where the American economy and the world economy is at risk of collapsing, there’s no other way ”

Biden said he would sign the agreement into law on Saturday.

The legislation passed the upper chamber a day after the House united in rare bipartisan fashion to approve the deal, which will ensure the U.S. can continue to pay its debts.

Congress was racing to meet a Monday deadline set by the U.S. Treasury — the so-called "X-date" when the nation would run out of reserve funds and other "extraordinary measures" it was using for debt repayments and federal funding since hitting the debt ceiling in January.

For more info, please go to https://globalnews.ca/news/9743069/us-debt-ceiling-biden-oval-office-speech/
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Category
News and politics
Tags
global news, Joe Biden, U.S. debt ceiling

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