President Biden may have just saved the country

With the U.S. House of Representatives having passed a bill on Wednesday night to suspend the nation’s debt ceiling, and the U.S. Senate passing the bill late last night, it is now all but certain that a historic Republican-caused default on the U.S. debt has been averted. President Joe Biden is expected to sign the bill at any time, and to address the nation this evening. While there is plenty of credit to go around, President Biden deserves the most praise for the extreme competence, professionalism and political savvy with which he has handled the issue.

Here is Biden’s statement after Wednesday’sj House vote, with emphasis added:

Tonight, the House took a critical step forward to prevent a first-ever default and protect our country’s hard-earned and historic economic recovery. This budget agreement is a bipartisan compromise. Neither side got everything it wanted. That’s the responsibility of governing. I want to thank Speaker McCarthy and his team for negotiating in good faith, as well as Leader Jeffries for his leadership.
This agreement is good news for the American people and the American economy. It protects key priorities and accomplishments from the past two years, including historic investments that are creating good jobs across the country. And, it honors my commitment to safeguard Americans’ health care and protect Social Security, Medicare, and Medicaid. It protects critical programs that millions of hardworking families, students, and veterans count on.