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Underway right now. Good evening once again, im stephanie ruhle. Tonight, in his First Oval Office address, President Biden made the case for the bipartisan debt ceiling bill. He spoke of an economic crisis averted, and reminded the nation that, without the bill, the u. S. Was in fact headed for a disastrous u. S. Default. Passing this Budget Agreement was critical. The stakes could not have been higher. They were extreme voices threatening to take america, for the first time in our 247 year history, to default on our national debt. Nothing nothing would have been more irresponsible. Nothing would have been more catastrophic. No one got everything they wanted. But the American People got what they needed. We have heard of an economic crisis, an economic colla ....
underway right now. good evening once again, i m stephanie ruhle. tonight, in his first oval office address, president biden made the case for the bipartisan debt ceiling bill. he spoke of an economic crisis averted, and reminded the nation that, without the bill, the u.s. was in fact headed for a disastrous u.s. default. passing this budget agreement was critical. the stakes could not have been higher. they were extreme voices threatening to take america, for the first time in our 247 year history, to default on our national debt. nothing nothing would have been more irresponsible. nothing would have been more catastrophic. no one got everything they wanted. but the american people got what they needed. we have heard of an economic crisis, an economic collapse. i want to commend speaker mccarthy. you know, he and i, we and our teams, we were able to get along and get things done. the final vote in both chambers was overwhelming. far more of our bipartisan than ....
underway right now. good evening once again, i m stephanie ruhle. tonight, in his first oval office address, president biden made the case for the bipartisan debt ceiling bill. he spoke of an economic crisis averted, and reminded the nation that, without the bill, the u.s. was in fact headed for a disastrous u.s. default. passing this budget agreement was critical. the stakes could not have been higher. they were extreme voices threatening to take america, for the first time in our 247 year history, to default on our national debt. nothing nothing would have been more irresponsible. nothing would have been more catastrophic. no one got everything they wanted. but the american people got what they needed. we have heard of an economic crisis, an economic collapse. i want to commend speaker mccarthy. you know, he and i, we and our teams, we were able to get along and get things done. the final vote in both chambers was overwhelming. far more of our bipartisan ....
Of monetary, economic just fiscal stimulus at that problem. we had a mild recession. so, right now, it seems like the business world is fixated on when will it come? and that was the one thing about this debt ceiling that, if our debt was downgraded, if we did to fault, we were most likely going to be in a recession very quickly, and it could have been longer and deeper than a lot of people would have hope for. i think the one thing they have to lean on stephanie, to your point is ways go for this pretty start here. so, if they can get through, into this 2024 period and everton recession, they have to lean into the economy. and it brings me back to 1992. but i don t know if the messaging is getting through. because i don t know that people feel it. you know, exile cost $8 a carton. a box of cereal is $10. your credit card bills are going up every month by hundreds of dollars because the fed keeps raising interest rates. the housing market seems frozen because mortgage rates are ....
Recession and, again, this is not in the hands of congress or the white house or anything like that. it really is the normal course of economic sort of cycles here. and we are due for. one we were due for one prior to the pandemic, right? we threw five trillion dollars of monetary, economic just fiscal stimulus at that problem. we had a mild recession. so, right now, it seems like the business world is fixated on when will it come? and that was the one thing about this debt ceiling that, if our debt was downgraded, if we did to fault, we were most likely going to be in a recession very quickly, and it could have been longer and deeper than a lot of people would have hope for. i think the one thing they have to lean on stephanie, to your point is ways go for this pretty start here. so, if they can get through, into this 2024 period and everton recession, they have to lean into the economy. and it brings me back to 1992. but i don t know if the messaging is getting through. bec ....