re: US Debt Default

As far as I know, California is the only state that did not propose a balanced budget for 2023.
And even they have made multiple modifications to the current budget already in an attempt to improve the situation.

I'm not referencing unfunded future pensions.
That is an obvious concern and obvious manipulation of budgets.

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So if they do default, would it raise CD rates like it would raise borrowing rates? I assume it would be a wash due to inflation though.

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It should, yes. The federal government defaulting would lessen the value of US debt thus requiring interest rates to increase in order to keep investors attracted.

Realistically, the federal government doesn't just get money on April 15, there are always tax receipts coming in so there should always be enough money to service the debt (especially if spending is brought down). Remember, this default date is being promoted by Janet "transitory inflation" Yellen.

I don’t understand why there is zero expectation for Biden or the senate to compromise.

Spending has to be reigned in. We spend way too much. No hike in debt ceiling should happen without doing something to reduce spending in a meaningful way.

Actually the last time we were in this situation in 2011 when the S&P downgraded US Debt, yields dropped.