Analysts project the U.S. will breach the $41.1 trillion debt ceiling in 2027, forcing Congress to raise it before the Treasury exhausts its extraordinary measures to avoid a catastrophic default. The national debt has surpassed $40 trillion, a record high. Trump proposed a $5,000 dividend for every American if Republicans win the midterms, which could accelerate the approach to the debt ceiling. Democrats could use the debt ceiling as leverage against the White House if they reclaim one or both chambers of Congress in November. Republicans are divided, with lawmakers like Chip Roy refusing any raise without massive spending cuts, while House Speaker Mike Johnson can only afford three defections in his party.
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