'Crisis averted': Biden touts economic bonafides in first Oval Office address
“The stakes could not have been higher,” the president will tell Americans on debt limit deal struck this week.
“Essential to all the progress we’ve made in the last few years is keeping the full faith and credit of the United States and passing a budget that continues to grow our economy and reflects our values as a nation,” Biden will say from the White House room historically reserved for major presidential remarks, according to excerpts of his speech from the White House.
The president’s decision to deliver a primetime address from the Oval speaks to just how close the country was to an economic meltdown, averted just days before Treasury Secretary Janet Yellen said the U.S. would run out of cash to pay its bills for the first time in the nation’s history. and top Republicans. The nail-biting back and forth left the country, and the world, on the edge as the so-called X date — on which economists predicted globe turmoil would occur if an agreement wasn’t met — rapidly approached.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden to tout bipartisan debt ceiling deal in first Oval Office addressU.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. On Friday, however, President Joe Biden plans to make his first Oval Office speech after more than two years as president about a crisis that was averted. Biden, a Democrat, will speak at 7 p.m. ET (2300 GMT) 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.
Read more »
Biden to Tout Debt-Limit Deal in First Major Oval Office AddressPresident Biden is touting legislation that suspends the $31.4 trillion debt ceiling as a boost to the U.S. economy and a bipartisan achievement, just days ahead of what could have been an unprecedented U.S. default
Read more »
Deal approved, Biden will address budget, debt agreement from Oval Office Friday eveningThe measure was approved late Thursday night after passing the House in yet another late session the night before.
Read more »
Deal approved, Biden will address budget, debt agreement from Oval Office Friday eveningAfter days of default threats, Republicans got some of their spending-cut demands but held the line on major Democratic priorities.
Read more »
Deal approved, Biden will address budget, debt agreement from Oval Office Friday eveningPresident Joe Biden will address the nation Friday evening from the Oval Office on the budget deal that lifts the federal debt limit and averts a U.S. government default.
Read more »
Deal approved, Biden will address budget, debt agreement from Oval Office Friday eveningAfter days of default threats, the debt limit-budget agreement was worked out by Biden and House Speaker Kevin McCarthy, giving Republicans some of their spending-cut demands but holding the line on major Democratic priorities.
Read more »