A 2023 survey found that 55 percent of Republicans 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, by party identification
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YouGov. (May 2, 2023). Americans on if Congress should raise the debt ceiling in the United States in 2023, by party identification [Graph]. In Statista. Retrieved June 10, 2024, from https://internal.statista.com/statistics/1382051/opinion-raising-debt-ceiling-us-party/
YouGov. "Americans on if Congress should raise the debt ceiling in the United States in 2023, by party identification." Chart. May 2, 2023. Statista. Accessed June 10, 2024. https://internal.statista.com/statistics/1382051/opinion-raising-debt-ceiling-us-party/
YouGov. (2023). Americans on if Congress should raise the debt ceiling in the United States in 2023, by party identification. Statista. Statista Inc.. Accessed: June 10, 2024. https://internal.statista.com/statistics/1382051/opinion-raising-debt-ceiling-us-party/
YouGov. "Americans on If Congress Should Raise The Debt Ceiling in The United States in 2023, by Party Identification." Statista, Statista Inc., 2 May 2023, https://internal.statista.com/statistics/1382051/opinion-raising-debt-ceiling-us-party/
YouGov, Americans on if Congress should raise the debt ceiling in the United States in 2023, by party identification Statista, https://internal.statista.com/statistics/1382051/opinion-raising-debt-ceiling-us-party/ (last visited June 10, 2024)
Americans on if Congress should raise the debt ceiling in the United States in 2023, by party identification [Graph], YouGov, May 2, 2023. [Online]. Available: https://internal.statista.com/statistics/1382051/opinion-raising-debt-ceiling-us-party/