Debt ceiling 'like the smoke alarm ' Such a Senate measure could increase pressure on the GOP-controlled House to do the same . NEW : Republicans senators propose debt ceiling hike through Tuesday . two : ` ` I will talk about anything '' after debt ceiling hike , government reopens . Valerie Jarrett says there will be no `` unconditional surrender '' by Democratic . Expert : Not raising the debt ceiling could lead to recession , worse .
NEW : Republicans senators propose debt ceiling hike through Tuesday . two : `` I will talk about anything '' after debt ceiling hike , government reopens . Valerie Jarrett says there will be no `` unconditional surrender '' by Democratic . Expert : Not raising the debt ceiling could lead to recession , worse .