Video: President Biden Speaks About the Debt Ceiling Deal

I was told the days of bipartisanship were over, and that Democrats and Republicans can no longer work together. But I refuse to believe that. Because America can never give in to that way of thinking. Look, the only way American democracy can function is through compromise and consensus. And that’s what I work to do as your president. And now, a bipartisan budget agreement. This is vital because it’s essential to the progress we’ve made over the last few years, is keeping full faith and credit of the United States of America, and passing a budget that continues to grow our economy and reflects our values as a nation. That’s why I’m speaking to you tonight. To report on the crisis averted and what we’re doing to protect America’s future. No one got everything they wanted, but the American people got what they needed. We averted an economic crisis, an economic collapse. We’re cutting spending and bringing the deficits down at the same time. We’re protecting important priorities, from Social Security to Medicare to Medicaid to veterans, to our transformational investments in infrastructure and clean energy.