Seeking Alpha

Debt-cap suspension expires

  • The suspension of the U.S. debt limit ends today, giving the Treasury a few weeks to juggle the money about to stave off a default before running out of cash.
  • Great battles have been fought over raising the ceiling, which stands at $16.7T, but there seems to be little stomach for a new fight, so Congress will probably increase or suspend the cap once again but without too much of a fuss this time around.
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