Two-thirds of Americans very concerned about potential debt limit breach

A new poll shows that two-thirds of Americans say they’re very concerned about debt limit violations that could put the country in default.

AP and NORC Center for Public Affairs and Research poll released Friday Indicated Few reported paying close attention to the federal debt ceiling, but most want it raised in exchange for a reduction in the federal deficit.

The poll found that 66% of respondents said they were very or very concerned about the impact a debt default would have on the national economy, including 71% of Democrats and 64% of Republicans. rice field.

More than 60% said the debt ceiling should be raised with a deal to reduce the deficit, and 19% said it should be raised unconditionally, including a third of Democrats.

More than seven in 10 Republicans and more than half of Democrats said the cap should be raised along with the deficit reduction.

Only 16% said the debt ceiling should not be raised, including a fifth of Republicans.

About one in five said they had been watching the debate over restrictions closely and understood the debate very well. About 40 percent said they follow the law somewhat closely and understand it somewhat well.

The results come as time is ticking for lawmakers to reach a deal to raise the debt ceiling. The Treasury Department said the U.S. could default as early as June 1 if the ceiling is not raised.

Republicans are demanding that deep cuts in federal spending be tied to a bill that raises the ceiling, while President Biden and Democrats are calling for a cap on the cuts. Biden has previously pushed for clean bills that raised the cap on his own.

Debt talks briefly broke down on Friday after both sides ran into trouble and Republicans accused the White House of taking an “irrational” stance. The two resumed on Friday night to discuss “how things should be.”

House Speaker Kevin McCarthy (Republican, Calif.) said the House and Senate would need to agree on a framework for the deal by the end of the week to give them enough time to pass the bill.

Biden said at the Group of Seven (G7) summit on Saturday that he believed the United States would avoid a default.

The poll was conducted May 11-15 among 1,680 US adults. The margin of error was 3.4 points.

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