President Joe Biden will speak Friday evening from the Oval Office as he addresses the nation on the budget deal that lifts the federal debt limit.
FILE - President Joe Biden says"I got sandbagged" in talking about falling earlier in the day at the U.S. Air Force Academy, as he walks from Marine One upon arrival on the South Lawn of the White House, June 1, 2023, in Washington. Biden will speak Friday evening from the Oval Office as he addresses the nation on the budget deal that lifts the federal debt limit. The legislation was passed by the Senate late Thursday night after being approved by the House the previous night.
, giving Republicans some of their spending-cut demands but holding the line on major Democratic priorities. Biden's speech on Friday, scheduled for 7 p.m. EDT, will be the most extended remarks from the Democratic president on the compromise. He largely remained quiet publicly during negotiations, a decision that frustrated some members of his party but was intended to give space for both sides to reach a deal.
The deal suspends the nation's debt limit until 2025, after the next presidential election, and ensures that the government can continue borrowing to pay already incurred U.S. debts.
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