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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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The Treasury has broad statutory authority to issue debt in any form, subject to the debt limit.

From The Wall Street Journal Apr. 20, 2026

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

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

Higher government revenues from the cyclical upturn in 2006 reduced Germany's budget deficit to within the EU's 3% debt limit.

From The 2007 CIA World Factbook by United States. Central Intelligence Agency

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