US could hit debt limit in January 2025? Janet Yellen warns of $36.1 trillion risk as crisis looms

Is United States of America headed for a default in 2025? Treasury Secretary Janet Yellen has said she expects the US 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. This has sparked fears among investors and has sent shockwaves across the global network.