Three-quarters of Americans think it is necessary to raise the national debt ceiling

Three-quarters of Americans hope for an agreement to raise the U.S. debt ceiling between the White House and Congress, which would prevent an impending default. This is evidenced by the published results of a poll conducted by Reuters together with the company Ipsos.

According to the poll, 76 percent of Americans said both sides should cut a deal because a default would cause additional financial stress for their families, Reuters reported. It is noted that at the same time, 49% of respondents say they need to raise the ceiling of the national debt without any conditions, as previously demanded by President Joe Biden. For increase of a debt limit under condition of considerable reduction of budgetary expenditures 51 % of respondents support.

The survey was conducted among 4.4 thousand Americans from 9 to 15 May. The statistical margin of error is 2 percentage points.

In January the U.S. exceeded the debt ceiling of $31.4 trillion, established by law, after which the Treasury Department was forced to use emergency measures to continue its financial operations. U.S. Treasury Secretary Janet Yellen warned Congress in early May that the administration could exhaust the emergency measures in connection with the debt ceiling as early as June 1. In this case, as she has repeatedly stressed, the country would face a default on the federal debt, which would lead to an “economic disaster” in the U.S., which would cause turmoil in the global economy.

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