Birdwatch Note Rating
2023-05-24 11:54:38 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 7DE064803B5A33AE0060296E3B2F05AFADAAA33F539A9B183DE13153085EB518
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