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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 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

The taxation limit on property is 1% on the cash value, thus compelling special dependence upon all sorts of indirect taxes; the debt limit is 5% on the assessed valuation.

From Encyclopaedia Britannica, 11th Edition, Volume 6, Slice 1 "Châtelet" to "Chicago" by Various

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