President Biden declared a 'crisis averted' as he touted the passage of a bill to raise the US debt ceiling and curb spending
WASHINGTON, June 2 - U.S. President Joe Biden declared a "crisis averted" on Friday in his first address from the White House's Oval Office, touting the passage of a bill to suspend the U.S. debt ceiling and avoid economic catastrophe.
Biden, a Democrat, said he would sign the bill into law on Saturday, concluding months of uncertainty and averting what would have been a first-ever U.S. default as early as June 5. US President Joe Biden addresses the nation on averting default and the Bipartisan Budget Agreement, in the Oval Office of the White House in Washington, DC, June 2, 2023. JIM WATSON/Pool via REUTERS
The White House said Biden was making his remarks there because of the gravity of the situation had the debt ceiling not been raised.
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