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here in new york. welcome everyone to alex witt reports. developing this hour, president biden today will sign the debt ceiling bill into law. averting a disastrous default two days before that deadline. the president is using his first oval office address to praise the bipartisan agreement, and stressed its importance. it was critical to reach the agreement. and it s very good news for american people. no one got everything they wanted. the american people got what they needed. we averted an economic crisis, an economic collapse. in this debate, i refused to put what was responsible for all of this progress on the chopping block. i ve never been more optimistic about america s future. brand new details today, reports the special counsel has a recording of donald trump talking about a classified document regarding the new york times says the justice department issued a subpoena for that document, trump lawyer say they can t find. it last night msnbc s are alla ....
Msnbc cornell belcher about the significance of last night speech. but first, and b.c. s gary dropbox at the white house for us. gary, happy saturday, let s talk about the takeaways, one of the big ones from the presidents oval office address? hi hi alex, president biden spoke to the first few minutes directly to the american people last night. he talked about what was in the debt ceiling bill. what was not in the debt ceiling bill, just how close the american people got to its first-ever default, and the bipartisanship that stop that from happening. let s go through that list that you see right there. the big number on top, suspend the debt ceiling until january 1st 2025. that was the big deal. it almost limits military spending, and non discretionary spending. it rescinds about 28 billion dollars in unspent covid relief funds. and it eliminates 1.4 billion dollars from the irs budget. and then the big one right here, it restarts federal student loan payment. that is something that ....