Biden's Debt Ceiling Deal and Political Drama.
TL;DR Summary
President Biden praised a bipartisan agreement that raised the debt ceiling and averted a calamitous debt default in a rare Oval Office speech Friday. The nearly 15-minute address served as a victory lap for the president after the Senate passed the legislation he negotiated with House Speaker Kevin McCarthy to raise the debt ceiling for two years and cut federal spending. Both sides claim a win, with detractors in both parties. Passage of the bipartisan bill comes just days ahead of when Treasury Secretary Janet Yellen warned that the government would begin to run out of money to pay its bills.
- Biden hails bipartisan deal to avert debt default in a rare Oval Office address NPR
- President Biden Oval Office Address on Debt Limit Deal C-SPAN
- Lauren Boebert won't explain why she missed debt ceiling vote Business Insider
- Opinion | The Great Debt Ceiling Drama's Finale The New York Times
- Biden ‘misunderestimated’ Kevin McCarthy, and it led to a major conservative victory The Hill
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