Biden, a Democrat, will speak at 7 p.m. ET about a topic that has dominated Washington and roiled investors in recent weeks, but had little impact to date on most American voters: the debt ceiling.
U.S. President Joe Biden holds debt limit talks with House Speaker Kevin McCarthy at the White House in WashingtonWASHINGTON - U.S. presidents have generally reserved an address from the White House's Oval Office for the most significant, and dramatic of events: the attacks of Sept. 11, 2001, for example, or the Challenger space shuttle explosion.
Biden, a Democrat, will speak at 7 p.m. ET about a topic that has dominated Washington and roiled investors in recent weeks, but had little impact to date on most American voters: the debt ceiling. White House officials declined to provide details about Biden's remarks, but he is expected to emphasize the importance of Democrats and Republicans ignoring their deep policy and cultural divides, after reaching the compromise deal with House Speaker Kevin McCarthy.
Former President Ronald Reagan spoke to the nation from the Oval Office after the explosion of the Challenger space shuttle in 1986; former President George W. Bush used the venue to address the country after the Sept. 11, 2001 attacks. Former President Barack Obama made remarks from the Oval Office in the aftermath of the 2010 BP oil spill in the Gulf Coast.
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