NEW YORK: Wall Street is already starting to game plan for the US government’s next debt-ceiling standoff, looking ahead to the US Treasury’s estimated cash balance for clues on how much bill supply will be coming down the pipeline.
The Treasury today will release estimates for federal borrowing and cash balances through September and the October-to-December period, possibly indicating how much it might have to reduce its store of funds before the debt limit will be reinstated on Jan 2.
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