A look at the day ahead in U.S. and global markets from Mike Dolan
Friday brings some hope that White House and congressional leaders can ink a deal on lifting the U.S. debt ceiling they indicated overnight was now close - just before the Treasury Department runs out of cash from June 1 next week.
It's unclear precisely how much time Congress has left to act. Even though the Treasury Department insists June 1 is the deadline, it said on Thursday it would sell $119 billion worth of debt that will come due on that date - suggesting to some market watchers that it was not an iron-clad deadline.
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