Transcript for Biden signs debt ceiling deal
2024 FIELD GROWS EVEN LARGER.
NO TO THAT BIPARTISAN DEAL ON
NO TO THAT BIPARTISAN DEAL ON
THE DEBT CEILING.
THE DEBT CEILING.
PRESIDENT BIDEN SIGNING INTO LAW
THE DEBT CEILING.
PRESIDENT BIDEN SIGNING INTO LA
PRESIDENT BIDEN SIGNING INTO LA
LATER TODAY -- EARLIER TODAY
LATER TODAY -- EARLIER TODAY
JUST THEM TWO DAYS BEFORE THE
JUST THEM TWO DAYS BEFORE THE
JUNE 5TH DEADLINE, A RIDICULOUS
JUNE 5TH DEADLINE, A RIDICULOUS
TRAFFIC AND HISTORIC DEFAULT.
TRAFFIC AND HISTORIC DEFAULT.
THE PRESIDENT TELLING THE DEAL
THE PRESIDENT TELLING THE DEAL
LATE FRIDAY NIGHT IN HIS FIRST
LATE FRIDAY NIGHT IN HIS FIRST
OVAL OFFICE ADDRESS TO THE
OVAL OFFICE ADDRESS TO THE
NATION PLEASE AND IT'S VERY GOOD
OVAL OFFICE ADDRESS TO THE
NATION PLEASE AND IT'S VERY GOO
NATION PLEASE AND IT'S VERY GOO
NEWS FOR THE AMERICAN PEOPLE:
NEWS FOR THE AMERICAN PEOPLE:
NO ONE GOT EVERYTHING THEY WANT
NO ONE GOT EVERYTHING THEY WANT
TO, BUT THE AMERICAN PEOPLE GOT
TO, BUT THE AMERICAN PEOPLE GOT
WHAT THEY NEEDED.
WHAT THEY NEEDED.
WE HAVE WRITTEN AN ECONOMIC
WE HAVE WRITTEN AN ECONOMIC
CRISIS, AN ECONOMIC COLLAPSE.
CRISIS, AN ECONOMIC COLLAPSE.
SO LET'S BRING IN ABC'S
SO LET'S BRING IN ABC'S
ELIZABETH WOOLSEY AT THE WHITE
ELIZABETH WOOLSEY AT THE WHITE
HOUSE.
HOUSE.
ELIZABETH GOING TO GET IT AND
ELIZABETH GOING TO GET IT AND
EVENTUALLY NOW WHAT CAN
EVENTUALLY NOW WHAT CAN
AMERICANS EXPECT FROM THIS DEAR?
AMERICANS EXPECT FROM THIS DEAR?
AMERICANS EXPECT FROM THIS DEAR?
>> WOULD, THIS MEANS THAT THE US
AMERICANS EXPECT FROM THIS DEAR?
>> WOULD, THIS MEANS THAT THE U
>> WOULD, THIS MEANS THAT THE U
GOVERNMENT WILL BE ABLE TO PAY
GOVERNMENT WILL BE ABLE TO PAY
ITS BILLS IN TIME INCLUDING
ITS BILLS IN TIME INCLUDING
DEMANDS AMERICANS FOR SOCIAL
DEMANDS AMERICANS FOR SOCIAL
SECURITY OR MEDICARE.
SECURITY OR MEDICARE.
THE PRESIDENT TODAY SUNNY
THE PRESIDENT TODAY SUNNY
TALOTTA FISCAL RESPONSIBILITY
TALOTTA FISCAL RESPONSIBILITY
ACT AFTER IT PASSED CONGRESS
ACT AFTER IT PASSED CONGRESS
THIS WEEK WITH BIPARTISAN
THIS WEEK WITH BIPARTISAN
SUPPORT.
SUPPORT.
THIS LOSSES BEEN ZONATION'S
THIS LOSSES BEEN ZONATION'S
$31 TRILLION DEBT CEILING UNTIL
$31 TRILLION DEBT CEILING UNTIL
JANUARY 2025.
JANUARY 2025.
IT PLACES LIMITS ON FEDERAL
IT PLACES LIMITS ON FEDERAL
SPENDING, RESCINDS IRS FUNDS
SPENDING, RESCINDS IRS FUNDS
EXPERIENCE WORK REQUIREMENTS FOR
SPENDING, RESCINDS IRS FUNDS
EXPERIENCE WORK REQUIREMENTS FO
EXPERIENCE WORK REQUIREMENTS FO
SOME AMERICANS ON FOOD
SOME AMERICANS ON FOOD
ASSISTANCE, AND IN AUGUST IT
ASSISTANCE, AND IN AUGUST IT
FORMALLY ENDS THE PAUSE ON
FORMALLY ENDS THE PAUSE ON
FEDERAL STUDENT LOAN PAYMENTS.
FEDERAL STUDENT LOAN PAYMENTS.
AN 11TH HOUR CONCLUSION TO A
AN 11TH HOUR CONCLUSION TO A
TENSE DEAL THAT BIDEN BROKERED
TENSE DEAL THAT BIDEN BROKERED
WITH HOUSE SPEAKER KEVIN Mc
WITH HOUSE SPEAKER KEVIN M
McCARTHY.
McCARTHY.
STILL MARKED A MAJOR CREDIT
STILL MARKED A MAJOR CREDIT
RATING AGENCY WARRANTS THAT THE
RATING AGENCY WARRANTS THAT THE
BRINKMANSHIP ALONE COULD
BRINKMANSHIP ALONE COULD
THREATEN THE NATION'S TOP NOTCH
THREATEN THE NATION'S TOP NOTCH
CREDIT RATING.
This transcript has been automatically generated and may not be 100% accurate.