Odaily Planet Daily News JPMorgan Chase said the election results reduced the risk of a heated debate over the US debt ceiling in the first half of 2025 and eased uncertainty about the evolution of the Treasury General Account (TGA). The debt ceiling has been suspended until January 1, 2025, after which the Treasury will begin to use unconventional measures and its cash balance to meet its debt obligations. JPMorgan Chase believes that assuming the Treasury's TGA forecast for the fourth quarter of 2024 is $700 billion and unconventional measures increase slightly, it is unlikely that the Treasury will run out of resources and face the risk of a technical default before July 2025.