Birdwatch Note Rating
2023-04-19 17:50:37 UTC - HELPFUL
Rated by Participant: FB818F6856CFFE599D745C418261BB171F18F34506E0007AC061B70B8306EDDD
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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