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Bangkok Post
Bangkok Post
World

Biden hails averting 'catastrophic' default in Oval Office speech

US President Joe Biden addresses the nation on averting default. (Photo: AFP)

WASHINGTON - US President Joe Biden told Americans on Friday in a rare Oval Office address that the debt ceiling bill passed by Congress after weeks of wrangling saved the country from "economic collapse."

Speaking from behind the historic Resolute Desk on live primetime television, Biden said that the deal resolving the standoff between Democrats and Republicans was a compromise where "no one got everything they wanted."

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