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September 26th, 2013
12:28 PM ET

The Debt Ceiling: Time To Raise It Again?

In four days, the U.S. government could shut down as fierce partisan fighting over funding Obamacare continues. But economic catastrophe may come seventeen days later, when the U.S. could default on its loans if Congress doesn't raise the debt ceiling.

CNN's Dana Bash reports.

Though a shut down would lead to the closure of national parks and job furloughs, the White House warns lawmakers not to use the debt ceiling as a bargaining chip.

White House Spokesperson Jay Carney said, "There is no negotiating over Congress' responsibility to ensure that we do not default."

GOP sources tell CNN that as soon as Saturday, House Republicans are planning to pass a bill that does raise the debt ceiling, but also adds several party priorities like tax reform or delaying Obamacare.

Democrats say this is unlikely.

For more, visit CNN.com

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