EconomyNorth America

Americans want both parties to compromise over debt limit


A recent Gallup poll shows that Americans increasingly prefer their political leaders in Washington to reach a compromise to avoid a possible government shutdown.

According to the poll, 53% of Americans want the leaders of both Democratic and Republican parties not to stick to their principles at the expense of getting nothing done.

The leaders from both parties are currently blaming each other for a possible shutdown but are offering no compromise.

The US government will run out of money and large functions of the federal government will shut down if Congressmen fail to pass a continuing resolution by midnight Sept. 30, which is the end of the fiscal year.

The debt limit must also be raised by mid-October in order to avoid additional significant economic consequences. The nation’s borrowing limit is currently set at $16.7 trillion.

The Gallup poll shows that the American citizens tilt toward the sentiment that US lawmakers should compromise over the issue even if that means voting against particular representatives’ principles.

This comes as Congress has currently a very low approval rating as it does not compromise and cannot find agreement on issues, the Gallup poll reveals.

And the low approval will exacerbate if Congress fails to avert the possible shutdown by reaching an agreement over raising the debt ceiling.

In a phone interview with Press TV on Sunday, Mike Harris, a financial editor at Veterans Today, said Congress does not address “anything that’s meaningful” because it “enjoys the status quo, big business enjoys the status quo, they’ve hijacked this government, this constitutional Republic.”

Harris also said that people have no power and that “the big business, the big banks, they’re the ones who call the shots not the American people”.

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