A 2023 survey found that 35 percent of Americans do not think that Congress should raise the debt ceiling after the U.S. treasury reached its spending limits in January 2023. The U.S. debt ceiling does not authorize new spending commitments, it simply allows the government to finance existing legal obligations that it has made in the past. If a government does not raise the debt ceiling, the U.S. treasury will default on its debt, and could trigger an economic recession.
Americans on if Congress should raise the debt ceiling in the United States in 2023
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YouGov. (May 2, 2023). Americans on if Congress should raise the debt ceiling in the United States in 2023 [Graph]. In Statista. Retrieved May 04, 2024, from https://www.statista.com/statistics/1366864/opinion-raising-debt-ceiling-us/
YouGov. "Americans on if Congress should raise the debt ceiling in the United States in 2023." Chart. May 2, 2023. Statista. Accessed May 04, 2024. https://www.statista.com/statistics/1366864/opinion-raising-debt-ceiling-us/
YouGov. (2023). Americans on if Congress should raise the debt ceiling in the United States in 2023. Statista. Statista Inc.. Accessed: May 04, 2024. https://www.statista.com/statistics/1366864/opinion-raising-debt-ceiling-us/
YouGov. "Americans on If Congress Should Raise The Debt Ceiling in The United States in 2023." Statista, Statista Inc., 2 May 2023, https://www.statista.com/statistics/1366864/opinion-raising-debt-ceiling-us/
YouGov, Americans on if Congress should raise the debt ceiling in the United States in 2023 Statista, https://www.statista.com/statistics/1366864/opinion-raising-debt-ceiling-us/ (last visited May 04, 2024)
Americans on if Congress should raise the debt ceiling in the United States in 2023 [Graph], YouGov, May 2, 2023. [Online]. Available: https://www.statista.com/statistics/1366864/opinion-raising-debt-ceiling-us/