Biden will speak 'directly to the American people' in first Oval Office address ... trends now

Biden will speak 'directly to the American people' in first Oval Office address ... trends now
Biden will speak 'directly to the American people' in first Oval Office address ... trends now

Biden will speak 'directly to the American people' in first Oval Office address ... trends now

President Joe Biden will deliver his first Oval Office address as president from behind the Resolute Desk as he seeks to hold up the bipartisan achievement of avoiding a default on the nation's debt.

The speech is set to be a victory lap after the House and Senate on Thursday passed through the budget agreement Biden negotiated with House Speaker Kevin McCarthy.

'Essential to all the progress we’ve made in the last few years is keeping the full, faith, and credit of the United States and passing a budget that continues to grow our economy and reflects our values as a nation,' Biden said, according to advanced excerpts released by the White House.

'And that’s why I’m speaking to you tonight. To report on a crisis averted and what we are doing to protect America’s future. Passing this budget agreement was critical. The stakes could not have been higher.'

The deal imposes flat funding for the next fiscal year, with a 1 per cent cut the next, while expanding work requirements for food stamps – but also accomplishes Biden's top goal of avoiding default. 

After a months-long period when top Treasury officials and Wall Streeters warned of wide-ranging impacts on the global economy, Biden is set to take avoiding that worst case scenario as a win. But his speech comes after credit rating Fitch Ratings announced it would keep the U.S. on a 'negative watch,' noting that it dodged the deadline but faces 'repeated political standoffs.'

President Biden is set to speak in prime time Friday to discuss a bipartisan budget deal that prevented a 'catastrophic default,' said White House press secretary Karine Jean-Pierre

President Biden is set to speak in prime time Friday to discuss a bipartisan budget deal that prevented a 'catastrophic default,' said White House press secretary Karine Jean-Pierre

It comes after Biden got to herald yet another positive jobs report, as the economy added 339,999 jobs in May. 

Biden, who is seeking reelection, said of the compromise: 'No one got everything they wanted but the American people got what they needed. We averted an economic crisis and an economic collapse.'

He used the speech to cast himself as a sensible force who could broker a solution at a time when Republican critics are casting him as extreme. 

'We’re cutting spending and bringing deficits down. And, we protected important priorities from Social Security to Medicare to Medicaid to veterans to our transformational investments in infrastructure and clean energy.

'The President wanted to make

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