What does debt ceiling mean?
Definitions for debt ceiling
debt ceil·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word debt ceiling.
Princeton's WordNet
debt limit, debt ceilingnoun
the maximum borrowing power of a governmental entity
Wikipedia
debt ceiling
A debt limit or debt ceiling is a legislative mechanism restricting the total amount that a country can borrow or how much debt it can be permitted to take on. Several countries have debt limitation restrictions.
ChatGPT
debt ceiling
A debt ceiling is a legislative limit or cap on the amount of national debt that can be issued or incurred by a country's treasury or central government. It restricts the ability of the government to finance its operations through borrowing and, once reached, requires legislative action to be increased. Any failure to increase the debt ceiling does not lead to default immediately, but could eventually if borrowing is necessary and not approved. This term is commonly associated with the U.S. where Congress needs to approve the increase on federal borrowing limit.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of debt ceiling in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of debt ceiling in Pythagorean Numerology is: 9
Examples of debt ceiling in a Sentence
We have reached agreement to extend the debt ceiling through early December and it's our hope that we can get this done as soon as today.
It's important. Very important, of course, that we avoid the default in our debt ceiling, coming up momentarily, all of these things you heard about in this debate are great. But for me, the two years that we have now to get back on regular order and stop lurching from crisis to crisis, to stop that business -- this bill will give us that great chance.
Senate Majority Whip John Cornyn:
There's not going to be any clean debt ceiling increase, but obviously, there's going to be a big package, perhaps, of everything from tax extenders to appropriation bills and the like.
It is hard for me not to use profanity in describing it, we should be using the leverage of the debt ceiling to actually enforce spending restraint.
Raising the debt ceiling doesn't help that issue. I think holding fast on cutting costs, cutting programs that are not value added that gets us to a balanced budget is absolutely something that is in the hands of Congress, and I would fight to do that.
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"debt ceiling." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/debt+ceiling>.
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