Republicans raised the debt limit by $5 trillion last year. Now they are already thinking about how to head off another dive over the fiscal cliff on President Donald Trump’s watch.
Independent forecasters predict the U.S. will reach the “X-date” — the ultimate deadline for preventing a U.S. debt default — sometime between next summer and early 2028, just as presidential primaries start kicking into gear.
To head off high-stakes negotiations with Democrats, White House officials have privately floated raising the nation’s $41.1 trillion borrowing limit in the party-line spending package many Republicans want to enact before the November midterm elections, according to two people granted anonymity to disclose private...
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