{"id":1942353,"date":"2023-06-02T00:02:06","date_gmt":"2023-06-02T04:02:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-praises-senate-passage-of-debt-ceiling-deal-a-big-win-for-our-economy\/"},"modified":"2023-06-02T00:04:14","modified_gmt":"2023-06-02T04:04:14","slug":"biden-praises-senate-passage-of-debt-ceiling-deal-a-big-win-for-our-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-praises-senate-passage-of-debt-ceiling-deal-a-big-win-for-our-economy\/","title":{"rendered":"Biden hails Senate&#8217;s debt ceiling deal as &#8216;huge victory&#8217; for economy."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-praises-senate-passage-of-debt-ceiling-deal-a-big-win-for-our-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1942353&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden Celebrates Bipartisan Debt Ceiling Deal<\/h2>\n<blockquote><p>&#8220;Together, they demonstrated once more that America is a nation that pays its bills and meets its obligations \u2014 and always will be,&#8221;<\/p><\/blockquote>\n<p>President Joe Biden expressed his gratitude to Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell for quickly passing the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-says-no-debt-ceiling-deal-yet-despite-improved-tone-after-tensions\/\" title=\"McCarthy reports no debt ceiling agreement yet, despite improved atmosphere following tensions.\">bipartisan debt ceiling deal<\/a> on Thursday night. The legislation, which curbs spending and avoids a first-ever default on the national debt, will now head to Biden\u2019s desk.<\/p>\n<h3>The Product of Tense Negotiations<\/h3>\n<p>The bill was the product of often tense negotiations between Biden, House Speaker Kevin McCarthy (R-CA), and their respective teams. \u201cNo one gets everything they want in a negotiation, but make no mistake: this bipartisan agreement is a big win for our economy and the American people,\u201d Biden said.<\/p>\n<h3>Passage with More Democratic than Republican Votes<\/h3>\n<p>The bill passed the House a day earlier by a vote of 314 to 117, with majorities of both conferences voting in favor. In both chambers, proponents comfortably overcame a left-right coalition against the bill. Conservatives thought it didn\u2019t go far enough in restraining federal spending, while progressives thought it went too far. But its passage with more Democratic than Republican votes could pose problems for McCarthy\u2019s speakership.<\/p>\n<h3>Biden Outlines Spending Cuts the Deal Avoided<\/h3>\n<p>In his statement, Biden outlined some of the spending cuts the deal avoided. \u201cIt protects the core pillars of my Investing in America agenda that is creating good jobs across the country, fueling a resurgence in manufacturing, rebuilding our infrastructure, and advancing clean energy,\u201d he said. \u201cIt safeguards peoples\u2019 health care and retirement security, protecting bedrock programs like Social Security, Medicare, and Medicaid.\u201d<\/p>\n<ul>\n<li>It protects vital investments in hardworking families that help make our country strong \u2014 from child care and education, to public safety and Meals on Wheels,\u201d the president added.<\/li>\n<li>It protects my <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-admits-they-have-no-idea-what-student-loan-forgiveness-will-cost\/\" title=\"White House Admits They Have No Idea What Student Loan Forgiveness Will Cost\">student debt relief plan<\/a> for hardworking borrowers.<\/li>\n<li>And it honors America\u2019s sacred obligation to our veterans by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-praises-senate-passage-of-debt-ceiling-deal-a-big-win-for-our-economy\/\" title=\"Biden hails Senate's debt ceiling deal as 'huge victory' for economy.\">fully funding veterans\u2019 medical care<\/a>.<\/li>\n<\/ul>\n<p>But the president had to give up on his demand for a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mcconnell-offers-short-term-debt-ceiling-extension-in-bid-to-stave-off-default\/\" title=\"McConnell Offers Short-Term Debt Ceiling Extension In Bid To Stave Off Default\">debt ceiling extension<\/a> without spending cuts. Biden said senators \u201cfrom both parties voted to protect the hard-earned economic progress we have made and prevent a first-ever default by the United States.\u201d<\/p>\n<h3>Biden Promises to Sign the Bill into Law<\/h3>\n<p>Biden promised to sign the bill into law as soon as possible and speak to the public directly on Friday. \u201cOur work is far from finished, but this agreement is a critical step forward, and a reminder of what\u2019s possible when we act in the best interests of our country,\u201d he said.<\/p>\n<p><strong>Click <a href=\"#\">here<\/a> to read more from the Washington Examiner.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden praised the Senate&#8217;s approval of the bipartisan debt ceiling agreement, stating that it demonstrates America&#8217;s commitment to paying its debts and fulfilling its responsibilities. He expressed gratitude to Senate Majority Leader Schumer and Minority Leader McConnell.<\/p>\n","protected":false},"author":1,"featured_media":1942355,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[3620,10142,3715,5487,9168,8914,4540,28034,7621],"class_list":["post-1942353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-biden","tag-ceiling","tag-deal","tag-debt","tag-economy","tag-hails","tag-huge","tag-senates","tag-victory"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1942353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1942353"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1942353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1942355"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1942353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1942353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1942353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}