LIVE: Biden speaks on debt ceiling deal.
President Biden to Speak on Bill to Raise Debt Ceiling
President Joe Biden is delivering remarks on the bill to raise the debt ceiling after it was passed by the House of Representatives and Senate earlier this week.
Exciting news! President Biden is set to speak on the Fiscal Responsibility Act from the White House at 7 p.m. tonight. He brokered the deal with House Speaker Kevin McCarthy (R-CA) and is expected to sign the bill into law, preventing the United States from defaulting on its debts.
The bill passed the House by a 314-117 vote on Wednesday, and the Senate passed the bill 63-36 on Thursday night. This is a huge win for the Biden administration and the American people.
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Important Deadline Approaching
According to Treasury Secretary Janet Yellen, the “X-date,” when the U.S. will default on its debt obligations unless a debt ceiling increase is passed, is June 5. It’s crucial that this bill is signed into law before then.
Let’s Celebrate!
Join us in celebrating this important milestone for our country. The bill to raise the debt ceiling has passed, and we can all breathe a little easier knowing that our country’s financial future is secure.
- President Biden to speak on Fiscal Responsibility Act at 7 p.m. tonight
- Bill to raise debt ceiling passed by House and Senate
- Treasury Secretary Janet Yellen warns of June 5 deadline
Don’t miss out on this historic moment!
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