debt limit

American  

noun

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

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Example Sentences

See Examples For:

debt limit

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

In order to obtain a sufficient margin within the debt limit, assessed valuations have been placed at full value, and in some cases beyond prices that property will bring in the open market.

From Down Town Brooklyn A Report to the Comptroller of the City of New York on Sites for Public Buildings and the Relocation of the Elevated Railroad Tracks now in Lower Fulton Street, Borough of Brooklyn by