The United States government will reach its mandated debt limit in about two weeks. Unless the debt limit is raised, the government will not be able to pay its bills (money Congress mandated be spent in the past). If that happens, it would be disastrous for the U.S. economy. It would also negatively affect the economies of many other nations. It could actually trigger a recession.
Normally, the two parties in Congress agree to raise the debt limit, or at least not block the majority party from raising it. The thought of the government defaulting is just too serious to mess with -- until now!
But this time, the Republicans (led by Minority Leader McConnell) have decided to play politics with the debt limit. They are filibustering the Democratic effort to raise the limit. They are lying -- saying they don't want to let the Democrats spend more money. Evidently, they think the American people are stupid, and don't know that raising the limit would not allow more spending (but would just allow the government to pay for debt already incurred -- much of it by Republicans).
What is going to happen? Nobody knows at this time, but we must hope that politicians come to their senses and raise the limit to avoid the impending disaster.
NBC News has five possible outcomes of the current political mess caused by Senate Republicans. Here are the five outcomes: