Birdwatch Archive

Birdwatch Note Rating

2023-05-24 17:21:52 UTC - HELPFUL

Rated by Participant: CD5A60F0BA557AED3724617A9BD264B666F8D8F8C3389339B98BF746CE604DF3
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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