Current:Home > StocksSlim majority wants debt ceiling raised without spending cuts, poll finds -Elite Financial Minds
Slim majority wants debt ceiling raised without spending cuts, poll finds
View
Date:2025-04-17 18:15:02
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! (55275)
Related
- Federal hiring is about to get the Trump treatment
- A timeline of events the night Riley Strain went missing in Nashville
- Battleship on the Delaware River: USS New Jersey traveling to Philadelphia for repairs
- Body found in western New York reservoir leads to boil-water advisory
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- DNA from discarded gum links Oregon man to 1980 murder of college student
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Leo Rising
- The Viral COSRX Snail Mucin Essence is Cheaper Than it was on Black Friday; Get it Before it Sells Out
- Senate begins final push to expand Social Security benefits for millions of people
- Wisconsin Supreme Court to decide if counties must release voter incompetency records
Ranking
- Meta donates $1 million to Trump’s inauguration fund
- Sentencing continues for deputies who tortured 2 Black men in racist assault
- When is the first day of spring in 2024? What to know about the vernal equinox
- Companies Are Poised to Inject Millions of Tons of Carbon Underground. Will It Stay Put?
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Fire destroys senior community clubhouse in Philadelphia suburb, but no injuries reported
- Best Buy plans to close 10 to 15 stores by 2025, according to recent earnings call
- Beyoncé calls out country music industry, reflects on a time 'where I did not feel welcomed'
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
March Madness expert picks: Our first round predictions for 2024 NCAA men's tournament
Photo of Queen Elizabeth II and Grandkids Was Digitally Enhanced at Source, Agency Says
The first day of spring in 2024 is a day earlier than typical years. Here's why.
Highlights from Trump’s interview with Time magazine
Brianna Maitland vanished 20 years ago. The FBI is now offering $40,000 to help solve the mystery.
Georgia bill could provide specific reasons for challenging voters
Things to know about the risk of landslides in the US