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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
ENPNewswire-August 5, 2019--ABA-Congress Increases Debt Limit for Chapter 12 Bankruptcies
Treasury Secretary Steve Mnuchin has warned that the (https://thehill.com/blogs/floor-action/house/452810-mnuchin-warns-debt-ceiling-could-be-hit-in-early-september) United States is running out of money  and that Congress will need to vote to raise the debt limit by early September in order to prevent a default on its debt obligations.
However, the increase could be offset if debt limit constraints necessitate smaller cash balances (debt limit is reconstituted come March).
"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.
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.
A spending bill and debt limit increase will require at least eight Democratic votes in the Senate to overcome filibusters.
The debt limit is $550,000 for a married taxpayer filing a separate return.
In a report issued in the first week of March, the Congressional Budget Office (CBO), in charge of providing Congress with information on budget and economic matters, warned of a US government default if the debt limit is not raised.
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.