According to online reports, JPMorgan Chase said the election results reduced the risk of a fierce debate over the U.S. debt ceiling in the first half of 2025 and alleviated uncertainty about the evolution of the Treasury's General Account (TGA). The debt ceiling has been suspended until January 1, 2025, after which the Treasury Department will begin using unconventional measures and its cash balances to meet its debt obligations. JPMorgan believes that assuming the Treasury's TGA forecast for the fourth quarter of 2024 is US$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.