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debt ceiling

   Also found in: Legal, Financial 0.01 sec.
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Noun1.debt ceiling - the maximum borrowing power of a governmental entity
debt limit
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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The national debt ceiling authorized by Congress is 12.
US set to hit national debt limit in December by AFP / AFP American Edition
Although the required legislation may become enmeshed in other current political debates, which will raise uncertainty in the government debt markets and may disrupt some government functioning, we do not believe that the debt ceiling issue will prevent timely service of US federal government debt," according to John Chambers, Chairman of Standard & Poor's sovereign rating committee.
S&P expects US debt ceiling to be raised soon by CPI Financial
6 percentage points more than 2009, and only a step away from the legal debt ceiling of 40% of average GNP for the previous three years.
Mounting government deficit threatens Taiwan's economy by The Taiwan Economic News
 
 
 
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