Washington: US President Joe Biden said on Monday that the only way out for America is a bipartisan budget agreement. At the same time, he urged the Congress (Parliament) to pass the agreement. Commenting on the bipartisan budget agreement on Monday, Biden said, ‘We have reached a bipartisan budget agreement that we are ready to go to the full Congress and I think that is a really important step.’
According to news agency ANI, Biden further said, ‘The speaker and I had made it clear from the beginning that the only way forward was a bipartisan agreement. That agreement now goes to the United States House and Senate. He further said, “I strongly urge both houses to pass that agreement. Let’s keep moving forward to meet our obligations and build the strongest economy in the history of the world.’ The US president said the agreement represented an agreement that nobody got everything they wanted, ‘but It is the responsibility of the government.
“I am confident that you will see for the American people that the settlement averts the worst possible crisis by default for the first time in our nation’s history,” he said. It also protects the core priorities and achievements and values that Congressional Democrats and I have fought for so long to invest in America’s agenda.
The Washington Post recently reported that US President Joe Biden and House Speaker Kevin McCarthy have reached an ‘agreement in principle’ to raise the debt ceiling and cap federal spending. Even before Biden and McCarthy unveiled their plan, some Democrats and Republicans had already begun to denounce its size and scope. The agreement comes as a significant step towards preventing a government default which could be nine days away.
