There is possibly one very bad outcome if this political fight persists past the summer.  If the US ultimately defaults on its debt, it will scare the pants off many countries around the world who invest in our Treasuries, that allows us to pay our current bills.  China would love the Yuan to be the world's currency.  Maybe the far right Republicans want a financial crisis to blame on the Biden administration.  For the rest of us just trying to keep afloat financially, it would be a disaster to lose the dollar as the world's currency.

There is possibly one very bad outcome if this political fight persists past the summer.  If the US ultimately defaults on its debt, it will scare the pants off many countries around the world who invest in our Treasuries, that allows us to pay our current bills.  China would love the Yuan to be the world's currency.  Maybe the far right Republicans want a financial crisis to blame on the Biden administration.  For the rest of us just trying to keep afloat financially, it would be a disaster to lose the dollar as the world's currency.

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