Yes. The debt limit will be reached in 3 months. If it is not raised in this bill it needs 60 votes so that the Democrats will have leverage to get many expensive add ons.
There are two issues, debt limit & debt. The debt is already rising. There is money in the bill for the wall, border enforcement and a downpayment on the golden dome.
The putative increase in the debt by the bill is a political fiction spread by the completely democrat run CBO. It is meant to frighten people, provide talking points and stymie Trump’s plan to revitalize the economy.
Much of the “debt” is the cost of keeping the tax cuts. It is duplicitous to call that debt especially since the tax cuts have increased federal revenue since they were enacted.
The CBO doesn’t give credit for the ~4% growth that will be generated by the pro business aspects of the bill (based on similar initiatives in Trump’s 1st term), tax cuts or to the tariff revenue.
IOW the estimate by the CBO is a con job. They have been vastly wrong with every past estimate.
They go with what’s in front of them. They can use a hopeful 4 percent growth until it’s factual.