[The Outsider]

Congress could cost Americans $15 trillion and 6 million jobs if it doesn't raise the debt ceiling, Moody's says.

https://www.msn.com/en-us/money/markets/...uxbndlbing

If the limit isn't lifted by then, the country faces "cataclysmic" economic fallout, economists led by Mark Zandi said. The team's simulations show a default on US debt powering a downturn similar to that seen during the Great Recession. Gross domestic product would slide by nearly 4%. The country would lose almost 6 million jobs. The unemployment rate would surge to 9% from 5.2%.

[b]They need to come to a compromise that both sides can live with, although partisan politics will likely cause it to fail.
[/b]

If it was me I would call Mitch's bluff republicans are as much responsible for the debt as the democrats maybe more.
Reagan' Bush Jr. and Trump added a lot to the debt and Mitch was there every year

Trump added almost 8 trillion to the national debt over his 4 years., mostly due to tax cuts for the wealthy and due to the lower corporate tax rate.