Planned. The US debt is currently $31 trillion. The monthly servicing costs for this debt (as of 2022) is approximately $35 billion dollars. The US has roughly

Planned. The US debt is currently $31 trillion. The monthly servicing costs for this debt (as of 2022) is approximately $35 billion dollars. The US has roughly $270 billion dollars per month in income tax receipts. When the US hits the debt ceiling the Treasury will no longer be able to get new loans, but as far as servicing the existing debt, no problem. The US has no need to default on the debt if there is no deal on the debt ceiling, it will just have to cut future spending.