Ordinarily this is a game of chicken I think the Dems should play.
Normally, there’d be 0% chance the Reps would crash the world economy. Oh they’d hem and haw all right to put on a show, but at the last minute they will sign whatever bill is sitting there.
The problem is ultimately 3 people: McCarthy, Trump and Greene.
Specifically, Trump and Qaren are legit crazy enough to crash the world economy just for partisan brownie points. McCarthy likes to pretend he’s the Speaker of the House. He’s not, everything he does needs to get the approval of every Freedom Caucus member (Qaren specifically), but hey the Freedom Caucus lets him play with the gavel. And he really likes that gavel.
So yeah. The theatre was always going to happen, but now we have a legit worry that if McCarthy values the gavel more than an economic default then Trump and Qaren gets the say on whether the default happens.