Wall Street’s early read places debt-cap deadline in mid-2025
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Wall Street forecasts US debt ceiling exhaustion by mid-2025, with focus on July or August; Congress faces potential government shutdown by end of September 2024; current debt-ceiling suspension ends Jan. 1, 2025; Treasury to rely on extraordinary measures and cash reserves; Citigroup's Jason Williams predicts last-minute agreements; Bank of America estimates July deadline; Treasury expected to have over $1 trillion cash in 2025; Fed's quantitative tightening may be affected by Treasury's cash management; Fed Chair Jerome Powell to address rate policy in upcoming meeting.

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