Birdwatch Archive

Birdwatch Note Rating

2023-05-24 12:17:36 UTC - HELPFUL

Rated by Participant: 4583BBDB33133C182973F663B0B32F0FC1A68A713063E94D00738CD66B5F5E41
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.

All Note Details

Original Tweet

All Information

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