President Joe Biden will sign the bill raising the debt ceiling “as soon as tomorrow,” the White House said Friday, APA reports citing CNN.
“We’re going to work very quickly with (Congress) to get this done to make sure we can sign it,” White House press secretary Karine Jean-Pierre told reporters. “Hopefully, as soon as tomorrow.”
She said the White House would have to “let the House and the Senate do what they need to do,” so it can be delivered to Biden’s desk for his signature.
The legislation needs to be finalized by Monday to ensure the US is able to pay all of its bills.
Biden's Oval Office speech: Biden chose Friday evening for his Oval Office address because of the “gravity” of the moment, the White House said Friday, previewing a message of how important it was to avoid the nation’s first-ever default — and to do so in a bipartisan way.
“There is a gravity as you all can imagine of this moment,” Jean-Pierre said, “and so the president wanted to make sure that he addressed the American people directly.”
Biden is expected to speak at 7 p.m. ET in his first address from the Oval Office as president.
Jean-Pierre said Biden wanted to “lay out” for the American people the kind of “catastrophe” it would have been to “undermine the full faith and credit of the United States.”
“He just wanted to make sure that the American people understood how important it was to get this done, how important it was to do this in a bipartisan way," she added.