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Noun

debt limit - 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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References in periodicals archive

ENPNewswire-August 5, 2019--ABA-Congress Increases Debt Limit for Chapter 12 Bankruptcies

ABA-Congress Increases Debt Limit for Chapter 12 Bankruptcies

However, the increase could be offset if debt limit constraints necessitate smaller cash balances (debt limit is reconstituted come March).

Treasury announced an $84 B package of coupons for the February refunding

"I think when we've seen the markets move a heck of a lot on shutdown news in the past, it's because the shutdown has been coincident with the debt limit negotiations, and the debt limit negotiations really raises the stakes," Hassett said.

Gov't workers on furlough could be 'big negative' in jobs report -- WH

Some forms of bonds count against the taxing body's statutory debt limit (unless the taxing body is a home rule city or village); other forms do not.

How bonds are used to finance municipal improvements

This constitutional debt limit prevents debt over-leveraging.

Fitch Rates Board of Regents of The University of Texas System 2017A PUF Bonds 'AAA'; Outlook Stable

A spending bill and debt limit increase will require at least eight Democratic votes in the Senate to overcome filibusters.

Going to the wall

The "federal debt limit is once again on autopilot.

Bye-bye debt limit: Congress is spending money at such a rapid rate that it has been forced to repeatedly revisit increasing the U.S. debt limit. Now it is simply suspending the limit, letting itself binge

New York: The outlook on the US's A credit-ranking was raised to stable from negative by Fitch Ratings after Congress suspended the nation's debt limit for more than a year, reducing the risk of a default, and as federal deficits decline.

Fitch affirms US 'AAA' credit rating, outlook stable