Sure, the nation was hurtling toward a fiscal cliff. The good news for the USA, and Joe Biden, is that the pols stopped just short of the edge.
President Joe Biden addressed the nation after the Congress passed the debt ceiling deal, and said"we averted an economic crisis."Witness the real launch of President Joe Biden’s re-election campaign.
“No one got everything they wanted, but the American people got what they needed,” Biden said in his first address from the Oval Office, a sign of the speech’s gravity. “We averted an economic crisis, an economic collapse.” There were other reasons the president’s first substantial negotiations with Speaker Kevin McCarthy since Republicans took control of the House in January represent a key moment in Biden’s first term and in his bid for a second.The president’s political persona is of a centrist who can negotiate agreements with the other side, even in polarized times.
The negotiations also demonstrated McCarthy’s ability to deliver two-thirds of the Republicans despite the defections of most of the members of the combative Freedom Caucus − and to survive the experience. A procedural motion by a single unhappy Republican could have forced him to defend his position in the leadership.Not everybody on Biden’s team loved the terms he reached.
Many of the Democratic dissenters complained that the deal imposes new work requirements on some adult recipients of food assistance, though the measure also removes current work requirements for military veterans and the homeless. In the 2022 elections, turnout among Black voters declined compared with the 2018 midterms; turnout fell even more among Hispanics. Biden’s approval rating among Black adults dropped to 58% in an Associated Press-NORC Center for Public Affairs Research poll taken last month. That’s down from about 90% approval in the survey soon after his inauguration.
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