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Definitions from WordNet

Definitions from the Web

Debt Ceiling

Description:

The debt ceiling, also known as the debt limit, refers to the maximum amount of money that a government can borrow to pay off its obligations. It sets a cap on the total debt the government can accumulate and requires authorization for any debt above that limit.

Sample Sentences:

As a noun:

• The government raised the debt ceiling to avoid a default on its financial commitments.
• Failure to raise the debt ceiling could result in serious economic consequences.

As a verb:

• The politicians have been debating whether to raise or lift the debt ceiling.
• If the debt ceiling is not increased, the government may have to prioritize its spending.

Possible Related Products:

To learn more about the concept of debt ceiling and its implications, you may find the following books useful:

• Debt Ceiling Explained: A Comprehensive Guide
• Understanding Government Debt: An Analysis of Fiscal Policies
• The Economic Consequences of Debt: Effects on Growth, Investment, and Stability