Deal approved, Biden will address budget, debt agreement from Oval Office Friday evening

President Joe Biden will address the nation Friday evening from the Oval Office on the budget deal that lifts the federal debt limit and averts a U.S. government default. The legislation was passed by the Senate late Thursday night after being approved by the House the previous night. Biden is expected to sign the measure on Saturday. That will end a tumultuous episode in Washington that threatened an unprecedented default on the country’s debt, which would have sent shockwaves through the global economy. Biden’s speech is scheduled for 7 p.m. Eastern time.