Biden to address nation on debt ceiling deal to avoid default
CBSN
Washington — President Biden is addressing the nation from the Oval Office on Friday night after both chambers of Congress passed an agreement to suspend the debt ceiling and limit federal spending. The president has expressed he wants to sign the measure, known as the Fiscal Responsibility Act of 2023, as soon as possible.
The president is speaking at 7 p.m., less than 24 hours after the Senate approved the agreement, 63-36. All 11 of the amendments the Senate voted on ahead of final passage failed. A majority of Republicans and a majority of Democrats in the House voted in favor of the bill on Wednesday night.
Exactly when the president will sign the legislation isn't clear, but it can take a day or two for legislation to reach the president's desk once Congress passes it.
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