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debt limit

   Also found in: Legal, Financial 0.01 sec.
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Noun1.debt limit - the maximum borrowing power of a governmental entity
debt ceiling
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 United States is poised to hit the debt limit in December and Congress will need to raise the ceiling to keep the federal government functioning, the Treasury Department said Wednesday.
US set to hit national debt limit in December by AFP / AFP American Edition
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.
In the shadows of promise: evaluating Obama's campaign pledges by Eddlem, Thomas R. / The New American
1 trillion statutory debt limit on Friday, saying that it could be breached as early as mid-October.
Geithner asks Congress for higher US debt limit by Khaleej Times (Dubai, United Arab Emirates)
 
 
 
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