debt limit
Government borrowing ceiling
A debt limit is a legal cap on the amount of money a government can borrow.
In the United States, the debt ceiling must be raised by Congress to allow continued borrowing, making it a recurring political flashpoint: Congress voted to raise the debt limit after weeks of negotiations.
Failure to raise it risks government default.
- ceilingRoom's upper surface
- borrowingTemporary taking of another's
- treasuryStored organizational funds
- defaultPreset standard option
- credit ratingAssigned measure of borrower reliability
budget · budget deal · fiscal · fiscal cliff · deficit · crisis · deadline · negotiations · spending · cap · raise · trillion · standoff · bipartisan · showdown · breach · government shutdown · creditworthy
- budget limitsbudget cap, budget cut, budget cuts, spending cap, spending caps
- federal budgetfederal budget, appropriations, deficit, national budget, surplus
- fiscal crisesbudget crisis, fiscal crisis, fiscal emergency, budget deficit, government shutdown
- fiscal policybudget deficit, deficit spending, national budget, budget surplus, budget deficits
- public debtgovernment bonds, treasury notes, treasury bonds, treasury securities, government borrowing
- capsceiling, budget cap, hard cap, soft cap, price cap
debt limitbalanced budget
Spending matching revenue
budget surplus · fiscal surplus · debt-free · pay-as-you-go · austerity
debt, debts, debtor, debtors, indebted, indebtedness, limit, limits, limited