Current:Home > InvestSlim majority wants debt ceiling raised without spending cuts, poll finds -PureWealth Academy
Slim majority wants debt ceiling raised without spending cuts, poll finds
View
Date:2025-04-17 08:07:49
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! (13625)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- Why Kelsea Ballerini Missed the 2024 Grammys Red Carpet
- Tarek El Moussa Reveals He Finally Understands Why Christina Hall Left Him
- Taylor Swift wore white dress with black accessories on Grammys red carpet
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- North Korea fires multiple cruise missiles into the sea, extending recent testing spree
- Michael Jordan's championship sneaker collection goes for $8 million at auction
- Blue Ivy Steals the Show While Jay-Z Accepts 2024 Grammys Global Impact Award
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- DWTS' Peta Murgatroyd and Maks Chmerkovskiy Expecting Baby 7 Months After Welcoming Son Rio
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Burna Boy becomes first Afrobeats star to take Grammys stage joined by Brandy, 21 Savage
- Taylor Swift makes Grammys history with fourth album of the year win for 'Midnights'
- Taylor Swift Squashes Celine Dion Grammys Snub Rumors With Backstage Picture
- Sam Taylor
- Rick Pitino says NCAA enforcement arm is 'a joke' and should be disbanded
- Doctor who prescribed 500,000 opioids in 2-year span has conviction tossed, new trial ordered
- 'Extremely dangerous situation' as flooding, mudslides swamp California: Live updates
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Why Miley Cyrus Called Out Audience at 2024 Grammy Awards
Israeli family on their agonizing Gaza captivity, and why freeing the hostages must be Israel's only mission
Step up? Done. Women dominate all aspects of the Grammys this year
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Hosting for Chiefs vs. 49ers? These Customer-Loved Amazon Products Will Clean Your Home Fast
See King Charles III Make First Public Appearance Since Hospital Release
TikTok is full of budgeting and other financial tips. Can they boost your financial IQ?