President Joe Biden delivers crucial speech after Congress successfully  avoids catastrophic default by swiftly approving legislation to increase  the nation's $31.4 trillion debt ceiling, sparing the economy from  potential disaster.

In his inaugural Oval Office address, the president emphasized the vital  role of "unity" in accomplishing the feat, highlighting the  significance of collective efforts.

During his presidential campaign, he encountered claims that  bipartisanship was a thing of the past, that cooperation between  Democrats and Republicans was no longer possible.

Rejecting this notion, he asserted his refusal to accept such thinking,  firmly believing that America should never surrender to it.

Biden celebrated the agreement reached with House Speaker Kevin  McCarthy, presenting it as a victory for American households and a  testament to his capacity to negotiate and maintain the nation's  progress.

These themes are central to his reelection campaign for 2024.

He emphasized the fundamental importance of upholding the United States'  full faith and credit and adopting a budget that supports economic  growth while aligning with the nation's core principles.

This motivated his address to the nation, aiming to communicate the  successful resolution of a crisis and the measures taken to safeguard  America's future.