REPORT: Biden touts budget deal victory, takes ‘catastrophic default’ off the table, Elon Musk weighs in

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by Fox News:

President Biden said Sunday the bipartisan budget agreement reached with House Speaker Kevin McCarthy has taken the “threat of catastrophic default off the table.”

The final agreement, reached earlier Sunday, comes with just days to spare before a potential first-ever government default.

“[The deal] represents a compromise, which means no one got everything they wanted. But that’s the responsibility of governing,” Biden said. “The agreement prevents the worst possible crisis and default for the first time in our nation’s history.”

A reporter asked Biden what he had to say to Democrats who said he needed to make concessions.

“If you want to try to make it look like I made some compromise on the debt ceiling, I didn’t. I made a compromise on the budget,” Biden said.

In a Twitter post, Biden wrote, “Speaker McCarthy and I reached a bipartisan budget agreement that will prevent the worst possible crisis – a default for the first time in our nation’s history. This deal is good news for the American people. I strongly urge Congress to pass the agreement right away.”

Jon Cooper, the former National Finance Chair of Draft Biden, cheered, “I just came off a Zoom call with White House officials about the debt ceiling deal. I’m fully confident that key Democratic priorities have been protected — and to an even greater extent than I originally thought. Thanks to President Biden’s leadership, this is yet another bipartisan win for our country.”

Claiming victory on the Republican side, McCarthy tweeted, “President Biden claimed he’d never negotiate. Leader Schumer insisted there’d be a “clean” debt increase. They were wrong. Republicans fought to spend less, block Biden’s new tax proposals, claw back unspent COVID money, and fully fund our veterans and defense priorities.”

Meanwhile, Twitter owner Elon Musk is weighing in on the deal, and responded to an alarming post by political strategist Greg Price, who wrote:

Sources on Capitol Hill tell me the debt ceiling deal McCarthy negotiated with Biden includes no legitimate spending cuts or significant reforms in exchange for a $4 trillion debt ceiling increase. Just a freeze next year followed by 1% increase in ‘25 adjusted for inflation.

Text of the bill to be released tomorrow and a final vote on Wednesday. Total garbage considering the leverage the GOP conference had here.

They’re apparently calling it the “fiscal responsibility act” lmfao.

Not only does it not cut a single dollar but the new debt ceiling deadline is also going to be Jan 1, 2025 which is the lame duck session when spending usually gets blown out. (thoughts and prayers to the Christmas plans of Hill people then too)

White House talking points are bragging about victory over the
@freedomcaucus and keeping spending the same.

“Really?” Musk replied.

“Really really!” Price retorted.

“Let’s see how the vote pans out,” Musk wrote in another Twitter post.

VIDEO: McCarthy and his negotiators praise debt ceiling deal despite GOP pushback

To get more information about this article, please visit Fox News.

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