Biden makes plea for national unity as he hails debt limit bill in address- live

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Voting has started as lawmakers agree on a debt limit deal

President Joe Biden spoke to the nation on Friday evening from the Oval Office and welcomed the bipartisan passage of the debt limit bill.

It was the first time that Mr Biden has addressed the nation from behind the iconic desk hewed from timbers taken from HMS Resolute, and the president said he was addressing the American people in prime time to “report on a crisis averted.”

The speech came after the Senate on Thursday passed a bipartisan agreement forged by Mr Biden and House Speaker Kevin McCarthy to raise the $31.4 trillion US debt ceiling after the deal survived a Republican rebellion in the House of Representatives.

Mr Biden said in his speech that he will sign the legislation on Saturday.

The Fiscal Responsibility Act, which will also implement new federal spending cuts, cleared the lower chamber with 314 votes in favour and 117 against on Wednesday.

The narrowness of its passage through the House was made possible through the support of Democrats, who stepped in to thwart a conservative revolt that badly undermined Speaker McCarthy’s claims to control his increasingly divided party.

On Thursday, the Senate rejected 11 proposed amendments before passing the bill 63 for to 36 against. Majority leader Chuck Schumer will now send the bill to President Biden’s desk for his signature.

Full congressional approval was required before Monday 5 June, when the Treasury Department was expected to run out of funds to pay its debts for the first time in American history, triggering likely economic chaos.

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Graeme Massie3 June 2023 01:22

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Graeme Massie3 June 2023 00:17

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Biden addresses nation from Oval Office ahead of signing debt limit bill

US President Joe Biden sit at his desk ahead of addressing the nation on averting default and the Bipartisan Budget Agreement, in the Oval Office of the White House in Washington, DC, June 2, 2023

(via REUTERS)

Graeme Massie3 June 2023 00:10

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Biden addresses the nation and touts debt limit agreement in primetime speech

President’s first formal Oval Office address comes as he signed bipartisan legislation to avert a default on America’s sovereign debt.

Graeme Massie3 June 2023 00:05

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Anti-poverty groups and progressives blast work requirements for aid to poor Americans

An agreement to raise the debt ceiling would expand the age bracket for eligibility for food assistance, adding a punitive and unnecessary barrier for poor Americans with only negligible savings for the federal government, advocacy groups have warned.

Most Americans with low or no incomes who qualify for the Supplemental Nutrition Assistance Program (SNAP) must comply with certain work requirements to be eligible to receive funds to help pay for groceries. But under a deal struck between President Joe Biden and Republican House Speaker Kevin McCarthy, adults up to age 54 would be required to show proof of work.

Alex Woodward has the story.

Oliver O’Connell2 June 2023 23:45

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Coming up: Biden to address budget, debt agreement from Oval Office

President Joe Biden planned to discuss the contentious, just-passed budget deal in a speech to the nation Friday night, ready to sign the agreement averting the country’s first-ever government default, which would have sent shock waves through the US and global economies.

Oliver O’Connell2 June 2023 23:15

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ICYMI: Boebert didn’t turn up to vote on debt ceiling deal she furiously campaigned against

Oliver O’Connell2 June 2023 22:30

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How Biden and McCarthy struck a debt-limit deal

It was advice that Mitch McConnell had offered to Joe Biden once already: To resolve the debt-limit standoff, he needed to strike a deal with House Speaker Kevin McCarthy — and McCarthy alone. But after a first meeting of the top four congressional leaders with the president in early May, the Senate minority leader felt the need to reemphasize his counsel.

After returning from the White House that day, McConnell called the president to privately urge him to “shrink the room” – meaning no direct involvement in the talks for himself, Senate Majority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries.

That, McConnell stressed to Biden, was the only way to avert a potentially economy-rattling default.

Oliver O’Connell2 June 2023 21:45

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Biden to address nation at 7pm

Oliver O’Connell2 June 2023 21:15

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Still threatened by far right, underestimated McCarthy emerges from debt deal empowered as speaker

Underestimated from the start, the Republican who cruised around his California hometown of Bakersfield and stumbled into a career in Congress was never taken too seriously by the Washington establishment.

With overwhelming House passage of the debt ceiling and budget deal he negotiated with President Joe Biden, the emergent speaker proved the naysayers and eye-rollers otherwise. A relentless force, he pushed a reluctant White House to the negotiating table and delivered the votes from his balky House GOP majority to seal the deal.

Oliver O’Connell2 June 2023 21:00

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