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debt ceiling
(redirected from Statutory Debt Limit)

   Also found in: Financial, Wikipedia 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
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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against Raising the Federal Debt Limit: In 2006, Obama voted against misguided Republican efforts to raise the statutory debt limit at the same time the Republicans were pushing through massive debt-financed tax cuts for the wealthy.
At this pace, USPS could reach its $15 billion statutory debt limit by fiscal year 2011.
Borrowing in support of the program is subject to the statutory debt limit, which will be increased by 700 billion, the statement said.
 
 
 
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