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Don’t expect markets to rejoice if a deal is reached on the debt ceiling

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New York (CNN) — Markets will want to breathe a sigh of relief if lawmakers can reach a deal on the debt ceiling to avoid a default. But markets can’t always get what they want.

The stock market, for the most part, has been ignoring the serious risks associated with the United States defaulting on its debt. But as the Treasury Department’s June 1 estimated default date nears, the stock market is poised to start taking note.

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