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

From The Wall Street Journal May 14, 2026

In other areas, like the question of the debt limit, MacDonough and other parliamentarians have acted more as literalists, according to Kogan.

From Salon Jan. 9, 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 Truman, Harry S.

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