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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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See Examples For:

Congress in 1991 set a debt limit of $15 billion, and that capacity is exhausted.

From The Wall Street Journal ● May 14, 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

The present statutory debt limit of 300 billion dollars will provide an ample margin for all of the public-debt transactions through the fiscal year 1947.

From State of the Union Address by Harry S. Truman

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