President Biden commends bipartisan efforts to pass a budget and debt ceiling agreement
The agreement prevents an economic crisis and collapse
Negotiations involved honesty, respect, and good faith between Republicans and Democrats
The agreement cuts spending and extends the debt ceiling, ensuring stability for vital programs
Biden acknowledges other congressional leaders for their contributions
Passing the budget agreement is crucial for economic stability
Biden highlights achievements like the infrastructure law and boosting computer chip production
Biden criticizes Republicans for defending special interest tax loopholes and hints at running for re-election