debt limit

noun

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

Example Sentences

Congress is in full-on chaos mode right now, with the future of infrastructure, government funding, the debt limit and voting rights all uncertain.

From FiveThirtyEight

If it doesn’t raise the debt limit, the government won’t be able to pay its bills come October.

From The Daily Beast

Since then, there have been pretty regular fights over the debt limit that often take the Treasury Department to the very end of its means.

From Washington Post

Another way, suggested by Georgetown law professor David Super, would be to use reconciliation to pass something by simple majority tying the debt limit to whatever is needed to cover the national debt at any given moment, effectively nullifying it.

From Washington Post

So they are asking the GOP to please join them in raising the debt limit to give them more time.

From Washington Post

The last time the debt limit was raised, this past February, Boehner agreed in the end to do it with no strings attached.

From The Daily Beast

For now, the debt limit is off the table as a “negotiating” tool.

From The Daily Beast

Caving on the debt limit in 2011 was the political low point of his presidency.

From The Daily Beast

The House Speaker needs to raise the debt limit, but still thinks that he can get some kind of concession from Democrats.

From The Daily Beast

The Senate is expected to approve the clean debt limit increase on Wednesday morning.

From The Daily Beast

The debt limit is usually a certain percentage of the assessed valuation of the taxable property within the city.

From Project Gutenberg

Unless budgeted deficits are checked, the momentum of past programs will force an increase of the statutory debt limit.

From Project Gutenberg

Its debt limit is 2% on the assessed valuation, and even that low maximum is not often reached.

From Project Gutenberg

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

From Project Gutenberg