Birdwatch Note Rating
2023-04-19 16:35:22 UTC - HELPFUL
Rated by Participant: A3850EFE75801652F2303A744C73D67671E3BA65FACE066320C259C5A09EB967
Participant Details
Original Note:
"The debt limit does not authorize new spending commitments. It allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past. Failing to increase the debt limit would have catastrophic economic consequences." https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit
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