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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 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

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

Texas requires a two-thirds vote on the issue of municipal bonds, and fixes the debt limit at five per cent.

From Popular Law-making by Stimson, Frederic Jesup

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