Why any debt deal could be just the beginning of the treacherous road to avoiding default

(CNN) — Just six days remain before America could run out of money to pay its bills in a calamity that could trigger a recession and global economic turmoil. Deep divisions remain between the White House and House Republicans over a potential deal under which Congress would vote to raise the government’s borrowing limit in exchange for capping spending.

Even as negotiators from both sides Thursday worked to narrow the gaps, the first signs of potential damage to the economy – like the early bands of rain before a major hurricane – began to sweep into Washington.