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What are the potential consequences of not raising the debt limit?
https://www.pgpf.org/analysis/2015/03/risking-the-recovery-debt-limit-uncertainty-returns
Under CBO's own economic and technical assumptions, interest costs would climb sharply and mandatory spending would continue to grow.
https://www.pgpf.org/analysis/cbo-analysis-debt-remains-high-under-presidents-budget
CBO finds that under the President’s budget, debt would remain at historically high levels over the next ten years, interest costs would climb sharply, and mandatory spending would continue to grow while funding for discretionary programs declines to historically low levels.
https://www.pgpf.org/blog/cbo-analysis-of-the-presidents-fy-2016-budget