After 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.
FILE - President Joe Biden says"I got sandbagged" in talking about falling earlier in the day at the U.S. Air Force Academy, as he walks from Marine One upon arrival on the South Lawn of the White House, June 1, 2023, in Washington. Biden will speak Friday evening from the Oval Office as he addresses the nation on the budget deal that lifts the federal debt limit. The legislation was passed by the Senate late Thursday night after being approved by the House the previous night.
, giving Republicans some of their spending-cut demands but holding the line on major Democratic priorities. Biden's speech on Friday, scheduled for 7 p.m. EDT, will be the most extended remarks from the Democratic president on the compromise. He largely remained quiet publicly during negotiations, a decision that frustrated some members of his party but was intended to give space for both sides to reach a deal.
The deal suspends the nation's debt limit until 2025, after the next presidential election, and ensures that the government can continue borrowing to pay already incurred U.S. debts.
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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.
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White House says Biden is 'fine' after he tripped and fell on stage at Air Force graduationPresident Joe Biden fell on stage at the U.S. Air Force Academy graduation on Thursday. The White House says Biden is “fine” after he tripped over a sandbag. Biden had been greeting the graduates in Colorado Springs, Colorado, at the front of the stage with salutes and handshakes. Biden turned to jog back toward his seat when he fell. He was helped up by an Air Force officer as well as two members of his U.S. Secret Service detail. He then returned to his seat to view the end of the ceremony. White House communications director Ben LaBolt later tweeted, “He's fine.” Two small black sandbags were on stage supporting the teleprompter used by Biden and other speakers.
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