Republicans Gamble on Debt Ceiling, No Plan B | JQJO

Republicans face a crucial deadline to raise the debt ceiling by mid-July to avoid a potential economic default. Their plan hinges on passing a large domestic policy bill, which they are attempting to pass using reconciliation to avoid a Senate filibuster. There's reportedly no backup plan if the bill fails, increasing the risk of a government shutdown. Treasury Department estimates place the deadline as between mid-August and late September. While some Republicans suggest the lack of a Plan B is a tactic to encourage swift passage, Democrats remain hesitant to negotiate a separate debt limit extension, especially without concessions. President Trump's recent endorsement of abolishing the debt limit lacks significant support among Republicans.