Current:Home > FinanceSlim majority wants debt ceiling raised without spending cuts, poll finds-Angel Dreamer Wealth Society D1 Reviews & Insights
Slim majority wants debt ceiling raised without spending cuts, poll finds
View Date:2024-12-23 18:46:10
The country is careening close to defaulting on its debts if the debt limit is not increased, and a slim majority of Americans want the debt limit to be raised without making spending cuts, a new NPR/PBS NewsHour/Marist poll finds.
But there's a sharp partisan divide on the best approach.
By a 52%-to-42% margin, respondents said Congress should increase the debt ceiling first to avoid a default and discuss spending cuts separately rather than only increasing it if significant cuts are made at the same time, even if that means the U.S. defaults on its debt.
Respondents were split on whether they would blame congressional Republicans or President Biden if the country does default – 45% said Republicans and 43% said Biden. But independents said they would blame Biden, by a 47%-to-38% margin.
Despite ongoing negotiations, the White House and congressional Republicans have not yet agreed on how to raise the limit. President Biden prefers a clean raise of the debt limit, one without cuts. Republicans want to cut spending now.
Republicans call attention to the country having surpassed $30 trillion in debt though the party went along with three debt limit increases during the Trump presidency without cuts to spending.
After months of declining to negotiate – and with just days or perhaps a couple of weeks to go until the Treasury Department runs out of extraordinary measures to avoid default – the White House is now in active daily talks with Republicans.
Biden cut short his overseas trip to the G7, a meeting of leaders from the world's largest economies, because of the debt-limit standoff, signaling the importance of finding a resolution.
On the preferred approach to raising the debt ceiling, three-quarters of Democrats want the limit raised first without cuts, while two-thirds of Republicans said they want cuts tied to it. Independents were split, but a slight plurality – 48% to 45% – said they want to see cuts.
GenZ/Millennials are the most likely (57%) generation to say they want to see a clean debt ceiling raise. It's another example of this younger generation being more liberal on economic issues than older generations. Over the last several months, the Marist poll has found that to be the case on issues ranging from raising taxes on the wealthy to pay down the federal debt to increasing the minimum wage to whether it's the federal government's responsibility to provide health care.
The survey of 1,286 adults was conducted from May 15-18 with live interviewers using mixed modalities – by phone, cell phone and landlines, text and online. The poll has a margin of error of +/- 3.4 percentage points, meaning results could be about 3 points higher or lower than reported.
veryGood! (8)
Related
- Arbitrator upholds 5-year bans of Bad Bunny baseball agency leaders, cuts agent penalty to 3 years
- How banks and hospitals are cashing in when patients can't pay for health care
- Isle of Paradise Flash Deal: Save 56% on Mess-Free Self-Tanning Mousse
- Too many Black babies are dying. Birth workers in Kansas fight to keep them alive
- Whoopi Goldberg calling herself 'a working person' garners criticism from 'The View' fans
- As Amazon Fires Burn, Pope Convenes Meeting on the Rainforests and Moral Obligation to Protect Them
- Michigan voters approve amendment adding reproductive rights to state constitution
- Should Daylight Saving Time Be Permanent?
- 3 Iraqis tortured at Abu Ghraib win $42M judgement against defense contractor
- Today’s Climate: August 4, 2010
Ranking
- Week 10 fantasy football rankings: PPR, half-PPR and standard leagues
- Celebrated Water Program That Examined Fracking, Oil Sands Is Abruptly Shut Down
- Los Angeles county DA's office quits Twitter due to vicious homophobic attacks not removed by social media platform
- Why Andy Cohen Was Very Surprised by Kim Zolciak and Kroy Biermann's Divorce
- Amazon's 'Cross' almost gets James Patterson detective right: Review
- Justice Department unseals Donald Trump indictment — and reveals the charges against him
- Nate Paul, businessman linked to Texas Attorney General Ken Paxton's impeachment, charged in federal case
- Harry Potter's Miriam Margolyes Hospitalized With Chest Infection
Recommendation
-
More than 150 pronghorns hit, killed on Colorado roads as animals sought shelter from snow
-
FDA gives safety nod to 'no kill' meat, bringing it closer to sale in the U.S.
-
RSV is surging. Here's what to watch for and answers about treatment options
-
New VA study finds Paxlovid may cut the risk of long COVID
-
Miami Marlins hiring Los Angeles Dodgers first base coach Clayton McCullough as manager
-
Behati Prinsloo Shares Adorable New Photo of Her and Adam Levine’s Baby in Family Album
-
Urgent Climate Action Required to Protect Tens of Thousands of Species Worldwide, New Research Shows
-
Harry Potter's Miriam Margolyes Hospitalized With Chest Infection