Birdwatch Note Rating
2023-05-24 17:08:38 UTC - NOT_HELPFUL
Rated by Participant: 85E42040770D2E397516FA4E69398840153B241652A8EC5872DD2EAD6290569C
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