For weeks, Democrats and Republicans have been at odds regarding the debt ceiling. Both sides of the aisle have finally come to an agreement, signing a bipartisan budget. In response to the agreement, President Joe Biden (D) is now celebrating the budget agreement.
In a message sent to supporters, Biden celebrated both sides of the aisle reaching an agreement, calling it “a big win for our economy and for the American people.”
He went on to explain the several ways that the signing helps the country, explaining that the agreement will prevent “a default that could have thrown us into an economic crisis, costing millions of jobs and devastating retirements accounts,” adding that “nothing would have been more irresponsible.”
Moreover, Biden explained that it “protects the Bipartisan Infrastructure Law that’s rebuilding America, the CHIPS and Science Act that’s helping fuel a resurgence in American manufacturing, and the Inflation Reduction Act that’s boosting clean energy development and lowering prescription costs.”
Finally, Biden championed that the agreement “protects the historic economic progress we’ve made together – including more than 13 million jobs created and historically low unemployment.”
In securing the agreement, Biden said that Democrats are vying to protect “important priorities including Social Security, Medicare and Medicaid, veterans’ benefits, and our transformational investment in infrastructure and clean energy.”
However, the President asserts that there is still work to be done as he and Vice President Kamala Harris (D) seek reelection. Both President Donald Trump (R) and Florida Governor Ron DeSantis (R) have positioned themselves as challengers in the GOP primary race while Biden has faced criticism over reports that the Democratic primary will not include debates between Biden and his challengers.
Still, Biden remains hopeful that he will run for reelection while also signaling that the Biden-Harris team will defeat whomever is victorious in the GOP primary.