Trump’s Treasury is running out of money fast. Why the ‘x date’ matters for markets. - MarketWatch
1. U.S. Treasury faces 'x date' for cash depletion, potentially impacting markets. 2. Debt ceiling negotiations may require bipartisan support, adding to market uncertainty. 3. Trump plans major tax cuts, posing risks if debt ceiling isn't raised timely. 4. High stakes political brinksmanship could increase market volatility this summer. 5. Past defaults led to market calm but disrupted bond markets significantly.