President Joe Biden celebrated a 'crisis averted' in his inaugural speech to the nation from the Oval Office. He's ready to sign on Saturday a budget agreement that suspends the nation's debt ceiling.
WASHINGTON — President Joe Biden celebrated a"crisis averted" in his inaugural speech to the nation from the Oval Office Friday evening, ready to sign a budget agreement that eliminates the potential for a first-ever government default that would have sent shock waves through the U.S. and global economies.
People are also reading… "No one got everything they wanted but the American people got what they needed," Biden said, highlighting the"compromise and consensus" in the deal."We averted an economic crisis and an economic collapse." "Passing this budget agreement was critical," Biden was to say."The stakes could not have been higher."
Overall, the 99-page 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. Some environmental rules were modified to help streamline approvals for infrastructure and energy projects — a move long sought by moderates in Congress.
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