CNN —
The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025.
President-elect Donald Trump is demanding that GOP lawmakers address the limit before he takes office on January 20, but lawmakers have some time since the US is likely months away from a potential first-ever default on its obligations.
The new ceiling is the amount of debt outstanding at the end of the previous day. That figure stood at just under $36.2 trillion earlier in the week, up from $31.4 trillion in June 2023,
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