The United States is staring down the barrel of another financial crisis, with the Treasury Department confirming it will hit a new debt ceiling just days before Donald Trump returns to the White House.

“Treasury expects to hit the statutory debt ceiling between January 14 and January 23 ... to start taking extraordinary measures on January 2 to prevent the United States from defaulting on its obligations,” she said. The federal debt currently ...

Lawmakers have suspended the debt ceiling, a limit on government borrowing to pay for bills already incurred, until Jan. 1 next year, paving way for a new limit to be set on Jan. 2 matching the amount of debt issued by the Treasury Department.