On May 28, local time, U.S. President Biden said in a speech that he had reached a final agreement with House Speaker McCarthy on raising the debt ceiling and urged Congress to pass the agreement as soon as possible.。Biden said the debt ceiling deal was a very important step forward and that "the deal prevented the worst of the crisis" and "it removed the threat of a catastrophic default."。He strongly urged both houses of the House and Senate to pass the agreement.。