A majority of Americans overwhelmingly want Congress to raise the debt ceiling, as lawmakers continue to negotiate over the debt ceiling and spending cuts, a new poll has found.
Washington: A majority of Americans overwhelmingly want Congress to raise the debt ceiling, as lawmakers continue to negotiate over the debt ceiling and spending cuts, a new poll has found.
According to the CBS News/New York Times Poll, three-quarters, or 77 percent, of Americans said that they want the debt ceiling to be raised.
The Treasury Department has informed Congress that the United States is expected to hit its current debt limit of 16.4 trillion dollars by mid-February or March.
If Congress fails to raise the nation’s borrowing limit, it could have severe economic consequences, CBS News reports.
According to the poll, 60 percent of Americans want the debt ceiling raised with spending cuts. Another 17 percent want it raised without any conditions, while 18 percent said that it should not be raised at all.
Americans would rather see compromise than default with nearly 73 percent preferring a debt ceiling agreement that they didn''t fully support over seeing the U.S. stop paying its obligations.
While Republicans are most likely to accept default, only one-fourth want that to happen.
And if Americans are willing to settle, they’d like to see Congress do the same. Eighty-four percent said President Barack Obama and Democrats should compromise, while 80 percent said congressional Republicans should.
The poll found that 46 percent of Americans said that they’re more pessimistic about the ability of Congress to deal with the nation’s problems.
More Americans (47 percent) blame the Republicans in Congress for the difficulties in reaching an agreement on the ‘fiscal cliff’ deadline than blame Obama and the Democrats in Congress (31 percent), the report added.