Republicans will still have to deal with the debt ceiling in 2025. Heres what you need to know | Money [Video]

(CNN) — Although President-elect Donald Trump wanted to start 2025 without having to worry about the debt ceiling, he did not get his wish.

Addressing the debt ceiling, which will be reinstated on January 2, is still on the list of congressional Republicans’ New Year’s resolutions. The House last week fell far short of passing a two-year extension of the suspension of the limit as part of a GOP-led government spending bill. Congress ultimately passed a package to fund the federal government into mid-March that did not include Trump’s demand to deal with the debt ceiling.

Trump had hoped to address the debt ceiling now in part so it wouldn’t affect the ambitious agenda he wants to get through Congress next year. Also, he wanted it raised on “Biden’s watch,” so President Joe Biden would take any heat for the increase, a move that has proven unpopular with fiscal conservatives in Trump’s party.

“If Democrats won’t …