Key Takeaways The U.S. government's borrowing limit was reimposed this week, putting the nation days away from going over the debt ceiling.The Treasury Department will be able to use accounting tricks to keep the government paying its bills until the summer,

The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025.

The Treasury Secretary said that officials will soon have to start taking extraordinary measures to avert such a default, which analysts have warned — on the multiple prior occasions the US has neared its debt ceiling — could throw the global economy into turmoil.

Treasury Secretary Janet Yellen said Friday she expects the U.S. will officially run up against its borrowing limit in mid- to late-January, starting the clock on a major fiscal challenge facing President-elect Donald Trump in his first months in office.

A limit on borrowing by the U.S. government was reinstated on Thursday, a fresh headache for fixed-income investors ahead of the start of the second Trump administration.

As the U.S. stock market wraps up a strong year with a slight downturn, major indices like the Dow Jones Industrial Average and S&P 500 have experienced notable monthly losses despite impressive annual gains.