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debt limit
noun
- (in public finance) the legal maximum debt permitted a municipal, state, or national government.
Example Sentences
Congress is in full-on chaos mode right now, with the future of infrastructure, government funding, the debt limit and voting rights all uncertain.
If it doesn’t raise the debt limit, the government won’t be able to pay its bills come October.
Since then, there have been pretty regular fights over the debt limit that often take the Treasury Department to the very end of its means.
Another way, suggested by Georgetown law professor David Super, would be to use reconciliation to pass something by simple majority tying the debt limit to whatever is needed to cover the national debt at any given moment, effectively nullifying it.
So they are asking the GOP to please join them in raising the debt limit to give them more time.
The last time the debt limit was raised, this past February, Boehner agreed in the end to do it with no strings attached.
For now, the debt limit is off the table as a “negotiating” tool.
Caving on the debt limit in 2011 was the political low point of his presidency.
The House Speaker needs to raise the debt limit, but still thinks that he can get some kind of concession from Democrats.
The Senate is expected to approve the clean debt limit increase on Wednesday morning.
The debt limit is usually a certain percentage of the assessed valuation of the taxable property within the city.
Unless budgeted deficits are checked, the momentum of past programs will force an increase of the statutory debt limit.
Its debt limit is 2% on the assessed valuation, and even that low maximum is not often reached.
We could have a state constitution, too, which would extend the debt limit so that we could issue a whole lot more bonds.
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