The US could be 4 months away from a potentially disastrous debt-ceiling breach, but nobody's negotiating over how to fix it

• Democrats have insisted that raising the debt ceiling should be bipartisan, without negotiations.
• GOP lawmakers have refused a clean increase, but have yet to produce details on what they want in a deal.
• The US could breach the debt ceiling as soon as July, the CBO estimated.

Right now, Republicans and Democrats are playing a painfully slow game of chicken, each waiting for the other to flinch.

The future stability of the global economic system is at stake. That's because no one seems to be ready or willing to negotiate over how to raise the debt ceiling.