President Biden will address budget and debt agreement from Oval Office Friday night

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President Biden will address budget and debt agreement from Oval Office Friday night
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President Joe Biden planned to discuss the contentious, just-passed budget deal in a speech to the nation Friday night.

Thank you for supporting our journalism. This article is available exclusively for our subscribers, who help fund our work at the Chicago Tribune.President Joe Biden says"I got sandbagged" in talking about falling earlier in the day at the U.S. Air Force Academy, as he walks from Marine One upon arrival on the South Lawn of the White House, June 1, 2023, in Washington.

The measure was approved late Thursday night after passing the House in yet another late session the night before. Biden was expected to sign it at the White House on SaturdayAfter days of default threats, the debt limit-budget agreement was worked out by Biden and House Speaker Kevin McCarthy, giving Republicans some of their spending-cut demands but holding the line on major Democratic priorities.

Fast action was vital if Washington hoped to meet next Monday’s deadline, when Treasury has said the U.S. will start running short of cash to pay its bills. Overall, the 99-page bill restricts spending for the next two years and changes some policies, including imposing new work requirements for older Americans receiving food aid and greenlighting an Appalachian natural gas line that many Democrats oppose. Some environmental rules were modified to help streamline approvals for infrastructure projects.

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