“The House voted late Tuesday to keep the government funded, suspend the federal debt limit and provide disaster and refugee aid, setting up a high-stakes showdown with Republicans who oppose the package… The federal government faces a shutdown if funding stops on Sept. 30, the end of the fiscal year.” AP News
The left is critical of the GOP’s refusal to raise the debt ceiling, and many argue that the debt ceiling should be permanently removed.
A libertarian's take
“It’s true that a default on the federal debt would fracture the economy and unleash a blood-dimmed tide over humanity — but it’s equally true that such a calamity has never happened, won’t happen this time and will likely never happen because members of Congress who love to play chicken never follow through. They always chicken out. Checking the fossil record, we find that Congress has averted disaster at least 78 times in the past 60 years by passing legislation to forestall the debt-ceiling end times that would otherwise unfurl. We will be writing about the 79th time before the month is out.”
Jack Shafer, Politico