What happens if Congress doesn't raise the debt ceiling? What you need to know about the showdown between Democrats and Republicans - CBS News

… The debate over the debt limit — often called the debt ceiling — is heating up again on Capitol Hill. But government officials, business leaders and economists are raising the alarms, saying not addressing it in a timely manner would be disastrous...

https://www.cbsnews.com/news/debt-ceiling-limit-what-to-know/