Wall Street Prepares for Next U.S. Debt Ceiling Standoff, Treasury to Announce TGA Official Estimate
The U.S. Treasury will release federal borrowing and cash balance estimates for September and Q4 on Monday, which could indicate how much cash the Treasury needs to reduce before the debt ceiling is reinstated on January 2. A larger cash reserve means the Treasury can maintain its debt supply, while a smaller reserve will require reduced debt issuance.
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