Treasury is currently fiddling with the accounts to keep the debt below the limit. By early October, these "extraordinary measures" should be exhausted. So another debt ceiling fight is coming up soon. A few Freedom Caucus members, along with Rand, are already on record demanding spending cuts, as you might expect. The remainder appear to be drifting toward a "clean" bill: i.e. raising the ceiling without any meaningful reforms. Congress will be back in session in a couple weeks, and the media will soon start winding up the old "Ohmahgah we're gonna default!" propaganda machine, so brace yourself and get your dialing fingers ready to flood those DC switchboards.
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