The possibility that the $14.3 trillion debt ceiling won't be increased — and the country won't be able to pay all its bills come next week — seems increasingly likely. If the debt ceiling isn't raised, would the U.S. default? Not completely, said Gary Witt of Temple's Fox School of Business. The government will still be taking in revenues. "Right now, revenues cover about 60 percent of the country's total expenses," Witt said. "They can prioritize bills and pay their top ones." But even a little default is bad for business, he added. "It would make us look pretty foolish."