debt ceiling

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Related to Debt Caps: Debt capital
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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
References in periodicals archive ?
Debt caps are routinely raised without a plan to reduce debt or identify the proper level of government debt.
German Chancellor Angela Merkel has called for debt caps in national constitutions modeled on those adopted by Germany in 2009 as the euro region struggles to contain a sovereign debt crisis and seeks to rebuild investor confidence.
Member states should determine their own debt caps rather than looking to the Maastricht limit of 60% of GDP as a marker, British MEP Kay Swinburne has said.