President Biden gives 'rare' Oval Office address on debt ceiling deal

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President Joe Biden addressed 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.