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Biden says debt deal ready to move to Congress, urges passage

"I think it's a really important step forward." Biden said in a brief appearance before media at the White House. "It takes the threat of a catastrophic default off the table," he added.

Published May 29,2023
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President Joe Biden said on Sunday that a final bipartisan deal to raise the US debt ceiling now heads to Congress, where he urged "both chambers to pass that agreement."

"I think it's a really important step forward." Biden said in a brief appearance before media at the White House.

"It takes the threat of a catastrophic default off the table," he added.