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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 w...

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 irresp...

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...

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 recess...