The agreement was hashed out by Biden and House Speaker Kevin McCarthy, giving Republicans some of their demanded federal spending cuts but holding the line on major Democratic priorities. “Nothing would have been more catastrophic,” he said, than defaulting on the country's debt. The stakes could not have been higher,' Biden said. “Passing this budget agreement was critical.

wouldn't be able to meet its obligations. Biden is set to sign it at the White House on Saturday with just two days to spare until the Treasury Department has warned the U.S. The bipartisan measure was approved by the Senate late Thursday night after passing the House in yet another late session the night before. You then need to follow the instructions for your particular news reader to subscribe to a new service, and paste this link into your news reader.WASHINGTON – President Joe Biden celebrated a “crisis averted' in his first speech to the nation from the Oval Office Friday evening, ready to sign a budget agreement that eliminates the potential for an unprecedented government default that he said would have been catastrophic for the U.S. To do this you will need to copy the link to the service you wish to subscribe to. You need to set your news reader to retrieve the RSS feed from the WHO /AFRO web site.

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