![]() ![]() The legislation includes a modest reduction in non-defense discretionary spending as well as changes to work requirements for the Supplemental Nutrition Assistance and the Temporary Assistance for Needy Families programs. In negotiations with Biden, McCarthy secured concessions aimed at cutting government spending. The new law will suspend the borrowing limit until January 2025, ensuring the issue will not resurface before the next presidential election. Now, we continue the work of building the strongest… /42HIFBy8Y9- President Biden June 3, 2023 I just signed into law a bipartisan budget agreement that prevents a first-ever default while reducing the deficit, safeguarding Social Security, Medicare, and Medicaid, and fulfilling our scared obligation to our veterans. The bill signing followed the release on Friday of strong monthly jobs figures. Heralding the “safeguarding Social Security, Medicare and Medicaid, and fulfilling our scared obligation to our veterans”, Biden said: “Now, we continue the work of building the strongest economy in the world.” The White House also tweeted video of Biden signing the bill in the Oval Office. In a statement on Saturday, the White House thanked Democratic and Republican leaders in Congress “for their partnership”. But the American people got what they needed.” “It was critical to reach an agreement, and it’s very good news for the American people,” Biden said on Friday. A day earlier, the bill passed the Republican-controlled House by 314-117. The signing of the bill came one day after the Democratic-held Senate passed it in a bipartisan vote, 63-36, sending the proposal to Biden’s desk a few days before the 5 June deadline. Nothing, nothing would have been more irresponsible.” “If we had failed to reach an agreement on the budget, there were extreme voices threatening to take America, for the first time in our 247-year history, into default on our national debt. In a televised address from the Oval Office on Friday evening, Biden said: “Passing this budget agreement was critical. On Monday, after his lawyers met with Justice Department officials, Trump wrote in all caps on his social media platform, Truth Social: "How can DOJ possibly charge me, who did nothing wrong, when no other president's were charged, when Joe Biden won't be charged for anything.Economists warned that a default could have caused the US unemployment rate to double while significantly damaging gross domestic product. Nonetheless, Biden aides were frustrated that Garland appointed a special counsel in Biden’s case in an attempt to demonstrate equal treatment for the current president and the former president but did not name a special counsel for the Pence investigation, two people familiar with the matter said.īiden aides also privately groused about the Justice Department’s closing its investigation into Pence, finding no wrongdoing, just days ahead of his plans to announce a 2024 campaign for the Republican nomination to try to unseat Biden, according to a person familiar with the private discussions. Biden had more classified materials in his possession than Pence did, sources have said, and NBC News has reported that the FBI took possession of a large number of notebooks Biden kept during his vice presidency, which they planned to review as part of the investigation. Biden’s case also is believed to be more complicated than the one that was focused on Pence.
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