Republican leaders are grappling with the complexities of the debt limit, balancing the perspectives of former President Trump and fiscal conservatives. Key figures such as Trump, Johnson, and Thune are under pressure to navigate this dilemma effectively, given the potential for a global financial crisis stemming from unresolved debt issues. Experts highlight the urgent fiscal hurdles faced by the GOP, with calls for a reassessment of the debt ceiling itself. Some argue for its elimination to avert what is described as a looming fiscal time bomb, emphasizing the importance of addressing debt and taxes as Congress confronts these significant challenges.