An upper limit set on the amount of money that a government may borrow.
on Friday, Congress raised the debt ceiling by $800 million
Example sentencesExamples
Every few months the Congressional debt ceiling needs to be lifted by a few hundred billion dollars.
Investors in government bills now face the prospect of near-zero interest rates well into the summer amid a debate over raising the Federal debt ceiling.
He ended the need for a congressional vote to raise the debt ceiling.
He recently called for the nation's debt ceiling to be raised from 15 percent of the GDP to 25 percent.
We are talking about raising to almost $11.5 trillion the national debt ceiling.
Slow growth is to blame for the probability of a widespread breach of the debt ceiling of 3% of annual output, the EU's spring forecast says.
So in this season's political debates, let's remember that we're arguing not only over debt ceilings and budgets, but about larger questions of our vision for our country.
The government had previously set a public debt ceiling for the period through 2006 at 60 percent of GDP.
We just added almost a trillion dollars to the national debt ceiling; we are at $10 trillion.
By increasing the risk of default, they contend, any debt ceiling automatically violates the public debt clause.
The Senate voted today to raise the nation's debt ceiling to nearly $9 trillion.
So let's take the next crisis that people are talking about - the debt ceiling.
The need to raise the debt ceiling stems from the record budget deficits of the past two years.
While both Boeing and Amazon posted very strong results, those positive signs got lost amid the flurry of concern about the political impasse around raising the US debt ceiling.
Once the debt ceiling is breached, a legal cloud would hang over any newly issued bonds, because of the risk that the government might refuse to honor those debts as legitimate.
The United States has had a debt ceiling since the First World War, when it first went into the bond market big time.
In the past, raising the debt ceiling was routine.
The continuing debate about the US debt ceiling adds to the uncertainty.
Based on current projections, Treasury expects to reach the debt ceiling in the first half of 2009.
For fiscal conservatives, increases in the debt ceiling have been a frequent source of aggravation.
Definition of debt ceiling in US English:
debt ceiling
noun
An upper limit set on the amount of money that a government may borrow.
on Friday, Congress raised the debt ceiling by $800 million
Example sentencesExamples
The government had previously set a public debt ceiling for the period through 2006 at 60 percent of GDP.
For fiscal conservatives, increases in the debt ceiling have been a frequent source of aggravation.
He ended the need for a congressional vote to raise the debt ceiling.
So let's take the next crisis that people are talking about - the debt ceiling.
We just added almost a trillion dollars to the national debt ceiling; we are at $10 trillion.
He recently called for the nation's debt ceiling to be raised from 15 percent of the GDP to 25 percent.
We are talking about raising to almost $11.5 trillion the national debt ceiling.
The need to raise the debt ceiling stems from the record budget deficits of the past two years.
Based on current projections, Treasury expects to reach the debt ceiling in the first half of 2009.
Slow growth is to blame for the probability of a widespread breach of the debt ceiling of 3% of annual output, the EU's spring forecast says.
By increasing the risk of default, they contend, any debt ceiling automatically violates the public debt clause.
Investors in government bills now face the prospect of near-zero interest rates well into the summer amid a debate over raising the Federal debt ceiling.
While both Boeing and Amazon posted very strong results, those positive signs got lost amid the flurry of concern about the political impasse around raising the US debt ceiling.
Every few months the Congressional debt ceiling needs to be lifted by a few hundred billion dollars.
The Senate voted today to raise the nation's debt ceiling to nearly $9 trillion.
In the past, raising the debt ceiling was routine.
So in this season's political debates, let's remember that we're arguing not only over debt ceilings and budgets, but about larger questions of our vision for our country.
Once the debt ceiling is breached, a legal cloud would hang over any newly issued bonds, because of the risk that the government might refuse to honor those debts as legitimate.
The United States has had a debt ceiling since the First World War, when it first went into the bond market big time.
The continuing debate about the US debt ceiling adds to the uncertainty.