Debt ceiling battles are next...

U.S. Treasury Secretary Janet Yellen has warned that the U.S. debt ceiling will come due on Jan. 19, as socalled “extraordinary measures” of refinancing the debt up to the current limit $31.4 trillion are reached, setting up a showdown in Congress as the newly elected U.S. House majority led by Republicans looks to trim the federal budget by capping discretionary and mandatory spending in key area…