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debt limit

American  

noun

  1. (in public finance) the legal maximum debt permitted a municipal, state, or national government.


Example Sentences

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Congress in 1991 set a debt limit of $15 billion, and that capacity is exhausted.

From The Wall Street Journal ● May 14, 2026

In other areas, like the question of the debt limit, MacDonough and other parliamentarians have acted more as literalists, according to Kogan.

From Salon ● Jan. 9, 2025

In the end, they actually defied him, passing a bill that was silent about the debt limit.

From Los Angeles Times ● Dec. 29, 2024

Also known as the debt limit, this is a law that restricts the total amount of money the government can borrow to pay its bills.

From BBC ● Dec. 20, 2024

The current economic slowdown and   inflexible budget items have pushed the 2003 deficit to 4% of GDP,   above the EU's 3% debt limit.

From The 2004 CIA World Factbook by United States. Central Intelligence Agency

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