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debt ceiling

   Also found in: Financial 0.06 sec.
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Noun1.debt ceiling - the maximum borrowing power of a governmental entity
debt - money or goods or services owed by one person to another
national debt ceiling - a limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress


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Where Republicans had regularly done their best to block increases in the national debt ceiling when sought by a Democrat president, most caved in when Ronald Reagan wanted it raised.
1 billion would keep the state within its desired debt ceiling of 5 percent.
That's why a constitutional amendment should be considered," added Anderson about amending the debt ceiling computation.
 
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