2023-06-01 02:08:03
“Tonight, the House took a decisive step to prevent the first default in our history and protect the historic and hard-won economic recovery,” Biden said in a statement. I would like to thank Speaker McCarthy and his team for negotiating in good faith, as well as Minority Leader Hakeem Jeffries for his leadership.”
Biden noted that the agreement “is good news for the American people and the American economy” as it “protects the key priorities and accomplishments of the past two years, including historic investments that create quality jobs across the country,” and “hones my commitment to protecting Medicare for Americans and protecting Social Security.” and Medicare for the elderly and the poor. It protects vital programs upon which millions of working families, students and veterans depend.”
The President confirmed that:
He was “clear that the only way forward is a cross-party understanding that can have the support of both sides” and urged the Senate to pass the legislation “as quickly as possible” so that “it can be signed into law, and our country can continue to build the strongest economy”.
Members of the House of Representatives passed the legislation, called the “Fiscal Responsibility Act,” on Wednesday by a vote of 314 to 117.
The bill is now set to be sent to the Senate, where it has the support of Majority Leaders Chuck Schumer and Minority Leaders Mitch McConnell.
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