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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

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

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 Frederic Jesup Stimson

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