Trader consensus on a near-certain "No" for a U.S. debt default by 2027 stems primarily from Congress's established pattern of raising or suspending the debt limit before exhaustion, with Republicans already weighing a lame-duck increase to $41.1 trillion ahead of 2027 borrowing needs. The dollar's reserve-currency status, Treasury extraordinary measures, and prioritization of payments further buffer against missed obligations on notes, bonds, or bills. Recent debt growth past $40 trillion has prompted proactive planning rather than brinkmanship. Even with rising interest costs and projected limit contact in mid-2027, these structural and political factors sustain high implied probabilities. Remote scenarios that could shift odds include an extended post-election impasse or major exogenous shock disrupting legislative action.