Default on September 30

Mick Mulvaney, your worst nightmare

The US will default on the national debt on September 30, and it will be glorious.

Washington is deadlocked ahead of a series of fiscal deadlines, time is growing scarce and it’s only going to get harder to avoid a debacle. Congressional leaders and the Trump administration have so far tried in vain to reach a deal that would avoid stiff budget cuts, a government shutdown and debt default in September. And now ugly splits in both parties are threatening to complicate the talks. Senate Minority Leader Chuck Schumer (D-N.Y.) countered that Democratic and Republican congressional leaders “could come up with a good budget agreement as long as President Trump stays out of the way. But he and Mr. [Mick] Mulvaney repeatedly mess things up with their ideological demands.” Treasury Secretary Steven Mnuchin has told congressional leaders that the debt ceiling may need to be raised by mid-September, according to a source with direct knowledge; that would potentially decouple the debt limit from funding the government, which has a Sept. 30 deadline. Add in a long August recess, and the Senate is scheduled to be in session seven weeks and the House just six before the end of September. At the moment, there’s no meeting on the books for this month between the top congressional leaders and the Trump administration. And partisan tensions are likely only to crank up with special counsel Robert Mueller’s testimony in mid-July. It adds up to a dicey situation for those eager to avoid economic and political disaster.
https://www.politico.com/story/2019/07/07/budget-deadlock-july-1399192

That's about 85 days from now.

The only way to stop the coming disaster is to make Mr Mick Mulvaney happy.  This is a massive game of chicken and Mulvaney isn't going to flinch.  Grab the popcorn.

Update:
Pelosi doesn't want to do a deal unless she can spend more money.
"Speaker Nancy Pelosi said Thursday [June 13] that the Democratic-controlled House won’t pass must-do legislation to increase the government’s borrowing cap until the Trump administration agrees to boost spending limits on domestic programs. The California Democrat said she'll agree to increase the so-called debt ceiling, which is needed to avoid a market-cratering default on U.S. government obligations this fall. But she says she'll do so only after President Donald Trump agrees to lift tight "caps" that threaten both the Pentagon and domestic agencies with sweeping budget cuts. "When we lift the caps then we can talk about lifting the debt ceiling — that would have to come second or simultaneous, but not before lifting the caps," Pelosi told reporters.
https://www.federaltimes.com/management/budget/2019/06/13/pelosi-no-debt-increase-until-spending-limits-are-raised/

Update 2:
The X date could occur by mid-September.
The Bipartisan Policy Center now forecasts a risk that the debt limit “X Date” — the date when the federal government can no longer pay all of its bills in full and on time — could occur in the first half of September. This “X Date” risk falls earlier than BPC’s previous projection range, based on new data and analysis. Weaker-than-expected corporate income tax collections, in particular, seem to be related to the 2017 tax cuts. When combined with BPC’s increased ability to base estimates on its short-term model as the “X Date” draws nearer, updated analysis has unearthed the possibility of an inability to meet all federal obligations in the first half of September.
https://bipartisanpolicy.org/press-release/new-projection-debt-limit-x-date-could-arrive-in-september/

Update 3 (7/9/19):
Pelosi is holding up a possible deal.
Sen. Richard Shelby, R-Ala., the appropriations chairman, told reporters this week he had relented to a request from Senate Majority Leader Mitch McConnell, R-Ky., that the committee wait for the overall funding numbers before proceeding with bills to set line-by-line spending levels at each federal agency. House Speaker Nancy Pelosi, D-Calif., indicated on Tuesday those figures were no closer to coming out. The House has already passed most of its fiscal 2020 spending bills, but those measures will need to be reconciled with their Senate counterparts once the upper chamber takes action. Senate leaders have said they are taking a back seat while Democrats negotiate with the Trump administration, but Pelosi said no talks are scheduled. The two sides have met repeatedly, she said, and have nothing new to discuss. "I don’t see any reason to have a meeting,” Pelosi said. “They know where we are.” She added Democrats are waiting for a response from the administration, where talks are being headed up by Treasury Secretary Steve Mnuchin, and the two sides can move forward if there are any new developments.
So Shelby is waiting on Pelosi. And Pelosi is waiting on Mnuchin to agree to lift the caps.
https://www.govexec.com/management/2019/07/congress-remains-stalemate-shutdown-avoiding-deal-debt-ceiling-deadline-looms/158276/