President Joe Biden: Crisis averted
US President Joe Biden gave a speech to the nation on Friday local time. He was talking about the agreement to temporarily remove the ceiling on the US debt mountain.
— Nobody got everything they wanted, but the American people got what they need. We averted an economic crisis and an economic collapse, Biden said.
The proposal, which was approved by the House of Representatives on Wednesday and by the Senate on Thursday, must now be signed by the President, which will happen on Saturday.
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