debt limit


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Noun1.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
References in periodicals archive ?
The debt managers may have some difficulty projecting borrowings due to debt limit uncertainties.
A spending bill and debt limit increase will require at least eight Democratic votes in the Senate to overcome filibusters.
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.
won't be able to borrow more money after the end of February, Treasury Secretary Jacob Lew told lawmakers this week, heightening the urgency around negotiating a new debt limit measure.
WASHINGTON Wed Feb 12, 2014(Reuters) - The House of Representatives narrowly approved a one-year extension of federal borrowing authority on Tuesday after Republicans caved into President Barack Obama's demands to allow a debt limit increase without any conditions.
After abandoning late Monday their plan to lift the debt limit and restore military pension cuts, House GOP members are now prepared to vote on a "clean" debt ceiling increase Wednesday, with the borrowing limit to be extended until March 15, 2015.
said Democrats will continue to insist that any debt limit legislation omit add-ons, even bipartisan proposals like repealing military pension cuts.
Extraordinary measures begun by the Treasury to remain under the debt limit "are likely to be exhausted in less than three weeks," Lew said on Friday in a letter to House Speaker John Boehner, an Ohio Republican.
It would be a mistake to wait until the eleventh hour to get this done," Lew said in a speech at the Bipartisan Policy Center, adding "the fact is, simply delaying action on the debt limit can cause harm to our economy, rattle financial markets and hurt taxpayers.
Rising debt levels, along with continued differences in views of fiscal policy, led to a series of contentious debt limit episodes in recent years.