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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.

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

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

As things are now, all the money spent for docks, for instance, is charged against the city in calculatin' the debt limit, although the Dock Department provides immense revenues.

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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