Debt ceiling bill won't be signed until Saturday at the earliest
White House press secretary Karine Jean-Pierre said Joe Biden wont be signing the debt ceiling bill that passed Congress until tomorrow at the earliest.
It wont be today. The House and the Senate have to do their business, so were going to work very quickly to get this done to make sure we can sign it hopefully as soon as tomorrow, Jean-Pierre said. Treasury secretary Janet Yellen said that the debt ceiling must be raised by 5 June, which means that Biden must sign the bill by the weekend to avoid default. Jean-Pierre said the White House is confident they can get the bill signed before June 5.
Jean-Pierre did not specify what Congress needs to do before getting it on Bidens desk. Biden is planning to address the deal in a speech tonight at 7pm. Jean-Pierre said that he will focus on the bipartisan nature of the deal and how it benefits Americans.
When you think about what could have happened here, to our seniors, to our veterans, to American families, Jean-Pierre said. That is something the president believes he has an opportunity to talk directly to the American people [about]. This couldve been, as weve said over and over again, devastating.
He believes this is a good moment to lay that out and how we were able to come together to avert this crisis.
https://www.theguardian.com/us-news/live/2023/jun/02/trump-desantis-2024-election-republican-biden-debt-ceiling-live-updates
This is a bit weird. Anyone know what's going on here??