An upper limit set on the amount of money that a government may borrow: on Friday, Congress raised the debt ceiling by $800 million
More example sentences
- We are talking about raising to almost $11.5 trillion the national debt ceiling.
- He ended the need for a congressional vote to raise the debt ceiling.
- Based on current projections, Treasury expects to reach the debt ceiling in the first half of 2009.
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Line breaks: debt ceil|ing
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