Biden's first Oval Office address praises 'a catastrophe averted'

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President Biden declares victory after bipartisan deal raises the debt ceiling in Congress.

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Deal prevents debt default and economic chaos, commended by Biden in Oval Office speech.

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Biden praises Republican and Democratic negotiators, credits Speaker Kevin McCarthy for working on the deal.

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Biden draws contrast with Republicans, recalling their calls to cut Social Security and Medicare.

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Slams Republican proposed cuts to Medicaid, clean energy investments, and IRS funding.

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Vows to ensure the wealthy pay their fair share, promises to come back stronger.

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Oval Office address allows Biden to speak directly to the American people.

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Shift in approach for Biden to address the nation, addressing a crisis averted.

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