Biden signed the debt ceiling bill, marking the end to tense negotiations that brought the country to the brink of default
"No one got everything they wanted but the American people got what they needed," he said, highlighting the"compromise and consensus" in the deal."We averted an economic crisis and an economic collapse."
Biden touted the achievements of his first term as he runs for reelection, including support for high-tech manufacturing, infrastructure investments, and financial. He also highlighted ways he blunted Republican efforts to roll back his agenda and achieve deeper cuts. "We're cutting spending and bringing deficits down at the same time," Biden said."We're protecting important priorities from Social Security to Medicare to Medicaid to veterans to our transformational investments in infrastructure and clean energy."
The Senate passed the bill quickly by a vote of 63-36 Thursday night, two days before Biden signed it into law.Biden's remarks were the most detailed comments from the Democratic president on the compromise he and his staff negotiated. He largely remained quiet publicly during the high-stakes talks, a decision that frustrated some members of his party but was intended to give space for both sides to reach a deal and for lawmakers to vote it to his desk.
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