In a historic moment for the United States, President Joe Biden praised the bipartisan effort displayed by Senators in passing the Bipartisan Budget Agreement. The President emphasized the significance of this achievement, highlighting that it not only safeguards the hard-earned economic progress made thus far but also averts a potential first-ever default by the nation. By coming together, Senators demonstrated the nation's commitment to fulfilling financial obligations and maintaining its reputation as a responsible debtor.

President Biden expressed his gratitude to Leader Schumer and Leader McConnell for swiftly pushing the bill through the Senate. Acknowledging the nature of negotiations, he acknowledged that compromises were made, but stressed that the bipartisan agreement is undeniably a substantial victory for the American people and the economy at large.

The agreement serves to protect the fundamental pillars of President Biden's Investing in America agenda, which includes the creation of good jobs, reinvigorating manufacturing, infrastructure redevelopment, and promoting clean energy initiatives. Crucially, it also ensures the preservation of healthcare and retirement security, safeguarding essential programs such as Social Security, Medicare, and Medicaid. Additionally, the agreement secures crucial investments that support hardworking families, ranging from child care and education to public safety and initiatives like Meals on Wheels. Furthermore, the agreement upholds President Biden's commitment to relieving the burden of student debt on diligent borrowers. Lastly, it fulfills the nation's sacred obligation to its veterans by fully funding their medical care.

While President Biden acknowledges that there is more work to be done, he recognizes this bipartisan agreement as a crucial step forward. It serves as a reminder of the possibilities that can be achieved when acting in the best interests of the country. The President eagerly anticipates signing the bill into law as soon as possible and plans to address the American people directly the following day, further emphasizing the significance of this achievement and outlining the next steps in the nation's progress.