The phrase
"debt ceiling" refers to the maximum amount of money that the United States government is allowed to borrow to fund its expenses. It is like a financial limit set by Congress that prevents the government from taking on more debt beyond a certain point.
Full definition
I think the edit about the lack
of debt ceiling addresses this well, actually.
She promoted her support for gun rights, said she opposed same - sex marriage and vowed never to vote to raise the
federal debt ceiling.
By a two - to - one majority, likely voters would have wanted their representative to vote
debt ceiling deal.
They insist that spending and
debt ceiling bills are vital in their own right and should not come with conditions attached.
Chapter 12 has a
higher debt ceiling to accommodate the large debts associated with operating a farm.
A survey of 38 economists found that 84 % agreed that a
separate debt ceiling that is periodically increased could lead to uncertainty and poor fiscal outcomes.
Some people might be hoping that the government shutdown might allow government to save money and not hit the
impending debt ceiling.
2013 US government shutdown because of US Congress was blocked from
raising debt ceiling is a great example.
I'm pretty sure the Republicans just bent them over
on debt ceiling negotiations...
«The U.S. fiscal cliff and
debt ceiling debate as well as the weakened global economic environment are likely to create the strongest headwinds facing any real improvement this year,» said Fannie Mae Chief Economist Doug Duncan.
In the new Canadian Business podcast, staff writers Jeff Beer and Richard Warnica speak to writer Erica Alini about the aftermath of the U.S.
debt ceiling crisis.
It is that «U.S. policymakers will prevent the drastic automatic tax increases and spending cutbacks (the fiscal cliff) implied by existing budget law, raise the federal
debt ceiling in a timely manner, and make good progress toward a comprehensive plan to restore fiscal sustainability.»
Further, according to BofA - Merrill's analyst team at a midyear press conference on Wednesday in New York, any positive budgetary effect of the tax increases would be overshadowed by the growing burden of the U.S.
debt ceiling as spending and hiring decisions are put on hold and the election heightens partisanship.
⇒ 02/09/2018 Budget BUDGET & POLICY LANDSCAPE - February 9, 2018 - Roundtable Weekly President Trump Signs Budget Deal That Extends Government Funding Until March 23, Lifts
Debt Ceiling for One Year and Sets Two - Year Budget Agreement
House Republican leaders scheduled a vote to raise the nation's
debt ceiling by $ 2.4 trillion.
Foreign demand for Treasury debt is expected to stay strong this year, helped by a congressional agreement to avoid a fight over the
U.S. debt ceiling until March 2015.
The market — after the
US debt ceiling raise — did not react very favourably today.
The purpose of the coin isn't to raise the amount of money in circulation, it's to alter the debt - load of the government, which prevents an un-raised
debt ceiling from negatively impacting the economy.
Several Tea Party Republicans have said they will not agree to lift the so - called
debt ceiling without the White House making several compromises — something the White House has said it will refuse to do.
We also had the anxiety over the US
debt ceiling issue, which became acute early in August.
A funny thing happened in the wake of the Tea Party's victory in the U.S.
debt ceiling standoff a month ago.
The House has no budget and no specific plan for preventing a government shutdown or
debt ceiling breach as it heads into its August recess.
Washington (CNN)- Two days before the deadline for a possible U.S. government default, President Barack Obama and congressional leaders reached agreement Sunday on a legislative package that would extend the federal
debt ceiling while cutting spending and guaranteeing further deficit - reduction steps.
The politics of yesterday's vote are a little trickier for the DCCC than past
debt ceiling extensions, when the specter of default allowed Democrats to cast Republicans as irresponsibly endangering the nation's credit rating.
It was a smart move, as investors have been concerned with the party politics that lead to the U.S.
debt ceiling impasse, and how the issue has been kicked further down the road into 2014.
More likely, the Europeans will muddle through, much like the U.S. Congress did with its one - minute - to - midnight
debt ceiling showdown last summer.
By Gordon D. Giffin In the weeks leading up to the traditional August Congressional recess, the drama that played out in Washington over whether and how to raise the statutory federal
debt ceiling at times reached crisis (if not comedic) proportions.
Last month Congress passed a $ 15 billion relief package for Texas and Florida after Hurricanes Irma and Harvey, tying it to a three -
month debt ceiling raise and stopgap funding measure to keep the government open.
While a temporary compromise over the country's
debt ceiling pushed that deadline back to at least August, the sequester — sweeping automatic spending cuts mandated by cliff legislation — could kick in as soon as March 1.
Despite this, many observers expected tapering to start in September 2013, and the fact it didn't was blamed on weak economic data and the fear of growth being slowed by the oncoming government shutdown and
debt ceiling discussion.
Democrats aren't going to supply any votes unless it's a
clean debt ceiling increase so it's up to House leadership to find something that can pass.
Neil Buchanan writes that the «Chuck and Nancy»
debt ceiling decision has pitted Trump against his own party.
Of course the irony is that the
current debt ceiling debate does not address any of the very important longer term fiscal issues that face the US such as Medicare funding and other booming social costs that lay ahead — these issues are not even on the table.
Obama put Medicaid, Social Security and Medicare on the table during
debt ceiling talks with House Republicans.
The government is already nearing its self -
imposed debt ceiling of 55 percent of GDP — it was at 53.8 percent at the end of the second quarter, with government debt guarantees at 15.1 percent of GDP, according to data from Maybank, an investment bank.
Second of all, the letter from Geithner you quote is from January 2013, not January 2014, and is about a
previous debt ceiling episode.
The Dow got slammed 200 points today with most people pointing to the
pending debt ceiling deadline on August 2nd.
... didn't do it so now we have a big deal with Dems holding them up (as usual) on
Debt Ceiling approval.
The central government has been trying to «disentangle» LGFVs from public - sector balance sheets to contain financial risks through means such as
instituting debt ceilings and providing swaps to convert LGFV debt into explicit government debt, Fitch noted.
Against this backdrop, President Obama and Congressional leaders engaged in a highly publicized and
partisan debt ceiling debate that based on the stock market's initial reaction did little to improve the economic situation.
In the category of «Well, that... didn't... work out,» leading Tea Party Republican Ted Cruz, who has been at the forefront of the shutdown and
debt ceiling offensive, commissioned a poll.
Phrases with «debt ceiling»