debt limit tensions ease as unified government boosts deal prospects

Tensions surrounding the U.S. debt limit are easing, as Wall Street strategists suggest that a potentially unified government could facilitate an agreement to suspend or lift the debt ceiling before the Treasury Department's borrowing authority is exhausted.

Strategists have indicated that prior to Donald Trump's election victory, the anticipated deadline for government funding was projected to be around August 2025 at the latest. This timeline emphasizes the need for lawmakers to address the debt ceiling issue to ensure continued government operations and financial stability.

The debt cap is set to be reinstated at the beginning of next year, prompting the Treasury to implement measures to prevent breaching this limit until Congress can pass the necessary legislation.

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