Biden hails debt ceiling deal as 'crisis averted'

President Joe Biden has said the raising of the US borrowing bounds is simply a "crisis averted", successful his archetypal code to the federation from the Oval Office.

He pledged to motion the measure into instrumentality connected Saturday aft it cruised done Congress with bipartisan support.

The Democratic president voiced uncommon praise for his Republican counterparts, saying they "operated successful bully faith".

He said a US default connected its $31.4tn (£25tn) indebtedness aft adjacent week's deadline would person been "catastrophic".