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Lots of "both sides" points of view being expressed here as wisdom or something. Well the Democrats want to raise the ceiling as is standard practice so the US can pay it's debts, social security, military salaries etc. I'm not sure what the other side is. Can any of you "both siders" enlighten us?
The hostages are squirming too much. What will happen next?
So bored of these constant contrived crises. >

I know. I can’t even take it seriously anymore. Just more republicans throwing a tantrum. >

it's all they ever do. A classroom of Kindergarteners would make better government. >

They would at least ATTEMPT to do their jobs >

No. Thr government  not doing it'd job is the platform they run on
They say they want to make it run better / more efficient / cut everything but they're the csncer that causes the do nothing >

I call it the “Tory strategy.” Intentionally break everything and then go to their supports and say, “see?!? It doesn’t work! Waste of money, let’s eliminate it!” >

Short answer: not much. We've breached the debt limit before - it's really a question of whether or not we default.
The real issue is whether or not we default.
A default would be catastrophic, the end of the US Dollar as the global reserve currency, and would push the country into a recession the likes of which would make 2008-2009 look like a tiny dip.
The caveat to this is that the folks with real money who have Senators, Congresspeople, and the White House on speed dial would be affected SIGNIFICANTLY more than your average person - their assets would lose 50+% of their value basically overnight.
So, the real question is, is enough of the GOP detached enough from reality to force McCarthy to not allow Congress to raise the debt limit and insulated enough from the need for money to push the US into default? Sadly, I think the answer is yes. If McCarthy allows a clean bill, he instantly gets removed by the Crazy Caucus. If he doesn't, he presides over the greatest self-inflicted economic catastrophe in human history.
The closer we get to default, the more interesting the options become, including declaring the debt limit unconstitutional and putting the pin back in the grenade once and for all. >

as I take it, any member can call for a vote to remove, but would still need 218 votes to remove? >

It depends on what rules the house established for itself. There is not set standard and they can change their own rules as they please. I hear the crazy caucus lobbied for single vote removal. Not sure what the final terms actually were. >

Single vote to force restarting the speaker selection process