debt limit

American  

noun

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

---

Example Sentences

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

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

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