Birdwatch Note Rating
2023-05-24 15:54:56 UTC - NOT_HELPFUL
Rated by Participant: 81CFBBDA95D266E4DF85151FEBC6E712D7DA775F83AA137FE4CC1DBE7A09EEF6
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