Here we are again

Treasury Secretary Scott Bessent warned Speaker Mike Johnson on Friday to raise the debt ceiling by mid-July, in case the government's extraordinary measures run out while Congress is on its August vacation.

The new so-called X-date is slightly more urgent than the messaging of just a few days ago, when the head of the Congressional Budget Office reportedly projected the government's cash and extraordinary measures might last until early September.

[...]

"A failure to suspend or increase the debt limit would wreak havoc on our financial system and diminish America's security and global leadership position."

[...]

Bessent nodded at the memory of the 2011 debt crisis in his letter, warning of "serious adverse consequences" to waiting until the last minute.

  Axios

And the damned Democrats better not rescue them this time. And pigs might fly.