Patsy Widakuswara / VOA News /
WHITE HOUSE — Following weeks of tough negotiations, President Joe Biden highlighted his ability to achieve bipartisan compromise with Republicans, a theme he is set to revisit in his 2024 reelection campaign, in remarks Friday evening on the passage of the Fiscal Responsibility Act.
The measure suspends the U.S. government’s debt limit through early January 2025 and avoids a potentially disastrous default just days before the government would run out of cash to pay its bills.
“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,” he said from behind the Resolute Desk of the Oval Office.
Biden said that passing the bill was critical. “The stakes could not have been higher.”
Highlighting bipartisan legislative achievements made during his administration, Biden underscored that the only way American democracy can function is “through compromise and consensus.”
“No one got everything they wanted but the American people got what they needed,” he said of the debt ceiling legislation. “We averted an economic crisis and an economic collapse.”
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