House conservatives are split over how to approach the upcoming debate over the nation's debt limit, with some resigned to raising it with little drama and others gearing up for a standoff over federal spending levels that could result in an unprecedented default.

David Schweikert, a member of the conservative House Freedom Caucus, says he doesn't want to risk a showdown that analysts warn could shake markets and faith in the creditworthiness of the United States. The Arizona Republican, who sits on the House Ways and Means Committee, said he believes a clean debt limit hike can "absolutely" pass Congress and that he could see himself voting for such a measure.

"There's an understanding of, structurally, where we're at, and not wanting to create the theatrical stress," Schweikert said last week in an interview.