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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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Congress changed the law in 2018, after prodding by the industry, and doubled the debt limit to two times equity.

From The Wall Street Journal May 1, 2026

Treasury Secretary Scott Bessent has urged Congress to address the debt limit by mid-July and warned if they do not, the US could be unable to pay its bills as early as August.

From BBC Jun. 30, 2025

And, third, any policy passed through budget reconciliation must directly affect federal spending, revenue, or the debt limit.

From Salon Apr. 7, 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

We could have a state constitution, too, which would extend the debt limit so that we could issue a whole lot more bonds.

From Plunkitt of Tammany Hall: a series of very plain talks on very practical politics, delivered by ex-Senator George Washington Plunkitt, the Tammany philosopher, from his rostrum—the New York County court house bootblack stand; Recorded by William L. Riordon by Plunkitt, George Washington

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