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President Biden is scheduled to deliver a rare Oval Office address on Friday evening after congressional passage of legislation that narrowly averts the economic calamity of a first-ever default on the nation’s debt.
The legislation, knows as the Bipartisan Budget Agreement, passed the Senate late Thursday after receiving broad support in the House this week. It suspends the debt ceiling for two years and cuts back on spending.
https://www.nytimes.com/2023/06/02/us/politics/biden-debt.html
The legislation, knows as the Bipartisan Budget Agreement, passed the Senate late Thursday after receiving broad support in the House this week. It suspends the debt ceiling for two years and cuts back on spending.
https://www.nytimes.com/2023/06/02/us/politics/biden-debt.html