Current:Home > FinanceSlim majority wants debt ceiling raised without spending cuts, poll finds -Bright Future Finance
Slim majority wants debt ceiling raised without spending cuts, poll finds
View
Date:2025-04-13 15:10:54
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! (14)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Brian Flores' racial discrimination lawsuit against NFL can go to trial, judge says
- Finding (and losing) yourself backcountry snowboarding
- We've got a complicated appreciation for 'Roald Dahl's Matilda The Musical'
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- What does 'OP' mean? There's two definitions for the slang. Here's how to use it correctly.
- 'Sopranos' actor Michael Imperioli grapples with guilt and addiction in 'White Lotus'
- Banc of California to buy troubled PacWest Bancorp, which came close to failing earlier this year
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Author Susan Kuklin: These teens wanted to let other kids know 'they are not alone'
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- TikTok adds new text post feature to app. Here's where to find it.
- Man who tried to hire hit man to kill is wife gets 10 years in prison, prosecutors say
- The best TV in early 2023: From more Star Trek to a surprising Harrison Ford
- Meet first time Grammy nominee Charley Crockett
- How to be a better movie watcher, according to film critics (plus a handy brochure!)
- Her work as a pioneering animator was lost to history — until now
- Utilities companies to halt electricity cutoffs after AZ woman died from heat extreme
Recommendation
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
US air quality today: Maps show Chicago, Minneapolis among cities impacted by Canadian wildfire smoke
Rep. Maxwell Frost on Gen-Z politics and the price tag of power
Russia warns of tough retaliatory measures after Ukraine claims attack on Moscow
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Noah Baumbach's 'White Noise' adaptation is brave, even if not entirely successful
Utilities companies to halt electricity cutoffs after AZ woman died from heat extreme
Comic Jerrod Carmichael bares his secrets in 'Rothaniel'