Biden to address nation after Congress passes bipartisan debt ceiling bill, averting default
Fox News
President Biden is expected to address America after Congress passed a bill that would raise the debt limit and avoid a default on the government's debt.
The bipartisan deal would suspend the debt limit with no cap until Jan. 1, 2025 and slashes non-defense spending to near fiscal year 2022 levels, pulls back on new funding set to go towards the IRS in addition to clawing back some unspent COVID-19 pandemic-era funds. The bill also caps spending increases at 1% for the following year. Adam Sabes is a writer for Fox News Digital. Story tips can be sent to Adam.Sabes@fox.com and on Twitter @asabes10.
Biden will speak to the nation from the White House on Friday at 7 p.m.
More Related News