Current:Home > MarketsTradeEdge-Slim majority wants debt ceiling raised without spending cuts, poll finds -Prime Money Path
TradeEdge-Slim majority wants debt ceiling raised without spending cuts, poll finds
Surpassing Quant Think Tank Center View
Date:2025-04-10 19:22:38
The TradeEdgecountry 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! (952)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- The internet's latest craze? Meet 'duck mom.'
- Zac Efron hospitalized after swimming accident in Ibiza, reports say
- US conquers murky Siene for silver in mixed triathlon relay: Don't care 'if I get sick'
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- One church, two astronauts. How a Texas congregation is supporting its members on the space station
- Robert F. Kennedy Jr. says he left a dead bear in Central Park as a prank
- Georgia tops preseason USA Today Coaches Poll; Ohio State picked second
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- MLB power rankings: Losers of 20 in a row, White Sox push for worst record ever
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- 'House of the Dragon' Season 2 finale: Date, time, cast, where to watch and stream
- US conquers murky Siene for silver in mixed triathlon relay: Don't care 'if I get sick'
- Georgia tops preseason USA Today Coaches Poll; Ohio State picked second
- Buckingham Palace staff under investigation for 'bar brawl'
- National Root Beer Float Day: How to get your free float at A&W
- Olympics 2024: Simone Biles and Jordan Chiles Medal in Floor Final After Last-Minute Score Inquiry
- Bloomberg apologizes for premature story on prisoner swap and disciplines the journalists involved
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
NBC broadcaster Leigh Diffey jumps the gun, incorrectly calls Jamaican sprinter the 100 winner
College football season outlooks for Top 25 teams in US LBM preseason coaches poll
Duchess Meghan hopes sharing struggle with suicidal thoughts will 'save someone'
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Jimmy John's joins value menu wars with 'hearty' $10 meal deal
Belgian triathlete gets sick after competing in Seine river
Amazon: Shoppers are distracted by big news events, like assassination attempt