Biden Says Debt Limit Deal Reached as Lawmakers on Both Sides Express Concerns

Biden Says Debt Limit Deal Reached as Lawmakers on Both Sides Express Concerns
President Joe Biden speaks during a Rose Garden event announcing the nomination of Air Force Chief of Staff Gen. Charles Q. Brown as the next Joint Chiefs of Staff chairman at the White House on May 25, 2023. Madalina Vasiliu/The Epoch Times
Andrew Moran
Updated:
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President Joe Biden is championing the new bipartisan budget agreement to avoid a default on the national debt, saying it “prevents the worst possible crisis.”

The administration and House Republican leaders looked to garner support for a tentative deal to increase the country’s borrowing limit amid ballooning government debt following weeks of intense negotiations.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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