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
It is not my position that we will never raise the debt ceiling — rather what the rules say is we will use the debt ceiling as leverage to force real and meaningful structural reforms to fix the underlying problem, [It] doesn't have to be a total solution for everything, but it has to be real and meaningful progress.
There are considerable downside risks to sentiment, with two-thirds of consumers expecting an economic downturn during the next year, notably, the debt ceiling debate looms ahead and could reverse the gains seen over the last several months; past debt ceiling crises in 2011 and 2013 prompted steep declines in consumer confidence.
No. I am not voting to increase the debt ceiling.
Washington spending is out of control, with Democrats wanting to add trillions more to our growing debt, inflation is wiping out wage gains, and Democrats want to suspend the debt ceiling without enacting any fiscal controls. I’m happy to co-sponsor Sen. Scott and Sen. Toomey’s Full Faith and Credit Act that ensures the federal government does not default on its debt and would prioritize spending to protect the men and women in our military and those reliant on Social Security, Medicare, and veteran benefits.
A vote to raise the debt ceiling implies consent to the spending. Like our colleagues in the Senate, we want to make it absolutely clear that Democrats alone are responsible for this.
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"debt ceiling." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/debt+ceiling>.
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