Birdwatch Note Rating
2023-05-24 11:51:08 UTC - HELPFUL
Rated by Participant: 3777DA5D7E18F4D27480CA26BD886E39AB8D91BB863B39A883D90E06C94BA938
Participant Details
Original Note:
https://www.cfr.org/backgrounder/what-happens-when-us-hits-its-debt-ceiling The debt ceiling is about paying existing debt, previously approved spending by Congress. The budget is where negotiations on future spending occur. Not raising the debt ceiling could trigger a recession, increase interest rates and possible result in worse repercussions.
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