‘Crisis averted’: Biden touts economic bonafides in first Oval Office address

Politics

In his first formal Oval Office address Friday evening, President Joe Biden declared a “crisis averted” as he was set to sign a deal to raise the nation’s debt limit and avoid an economic catastrophe.

“Essential to all the progress we’ve made in the last few years is keeping the full faith and credit of the United States of America and passing a budget that continues to grow our economy and reflects our values as a nation,” Biden said from the White House room historically reserved for major presidential remarks.

“That’s why I’m speaking to you tonight. To report on a crisis averted and what we are doing to protect America’s future. Passing this budget agreement was critical. The stakes could not have been higher,” he said.