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When it comes to a timeline, estimates vary widely among observers. Some speculate that the complex negotiations could stretch beyond the July 4 deadline, possibly extending discussions into post-Labor Day. Key contributors like Bill Daley have expressed skepticism about the feasibility of a swift resolution, citing the multiple layers of complication, including tariff considerations intertwined with the budget proposals.
Emily Wilkins, reporting live from Washington, D.C., stated that while a July 4 completion seems ambitious, the urgency of increasing the debt limit provides a hard deadline that lawmakers must acknowledge. This deadline compels them to expedite their discussions, as they typically break for August.