“A Crisis Averted”: Biden Signs Debt Ceiling Deal With Just Days to Spare

With little fanfare and, some might argue, too close for comfort, President Joe Biden signed legislation Saturday that suspends the $31.4T debt ceiling and prevents a potentially disastrous, first-ever national default. In his first-ever Oval Office primetime address Friday evening, which followed the bill’s passage in Congress, Biden hailed the agreement as a major bipartisan achievement and described the deal as “a crisis averted.” “No one got everything they wanted, but the American people got what they needed,” Biden said. “Nothing — nothing would have been more irresponsible. Nothing would...