Birdwatch Note Rating
2023-05-24 21:18:40 UTC - NOT_HELPFUL
Rated by Participant: 97963F1F97EF4E5B6B004853A89EBEB8020510DEB6156FC6AF74C8C42B372763
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