debt ceiling

Frequency: 8.015.5 per million words

a limit on the total amount of money that a government can borrow

ceilingNOUN + NOUN (limit)

Categories:

debt

Examples (10)

  • Congress is currently debating whether to raise the debt ceiling.
  • Failing to raise the debt ceiling could lead to a default on the national debt.
  • The Treasury Secretary warned that the U.S. would reach its debt ceiling by next month.
  • Historically, raising the debt ceiling has been a routine procedure for lawmakers.
  • The political standoff over the debt ceiling caused significant market volatility.
  • A new bill was passed to suspend the debt ceiling until the end of the fiscal year.
  • What are the economic consequences of repeatedly hitting the debt ceiling?
  • The administration is urging a clean increase of the debt ceiling without any conditions.
  • Economists argue that the debt ceiling is an ineffective tool for controlling government spending.
  • Negotiations to avoid breaching the debt ceiling went on late into the night.