BlockBeats News, July 30th - According to Politico, Republicans in the United States raised the debt ceiling by $5 trillion last year. Now, they are considering how to avoid another "fiscal cliff" during Trump's presidency. An independent forecasting agency predicts that the U.S. will face the "X Date" between next summer and early 2028 — the ultimate deadline to avoid a U.S. debt default — coinciding with the intensification of the presidential primaries.

Two sources revealed that to avoid high-stakes negotiations with the Democrats, White House officials have privately proposed raising the U.S.'s debt ceiling to $41.1 trillion in the partisan spending plan that many Republicans hope to pass before the November midterms. If the Republicans lose control of either chamber of Congress in the upcoming midterm elections, this move may save Trump a lot of trouble, as the Democrats will demand concessions in bipartisan negotiations to avoid an unprecedented national debt default — the current total debt approaching $39.7 trillion.