Statutory Debt Limit financial definition of Statutory Debt Limit. Statutory Debt Limit finance term by the Free Online Dictionary.

Statutory debt limit

The cap that Congress imposes on the amount of public debt that may be outstanding whether temporary or permanent. When this limit is reached, the Treasury may not sell new debt issues until Congress raises the limit. For a detailed listing of changes in the limit since 1941, see Budget of the United States Government. See: Debt outstanding subject to limitation.

Debt Ceiling

The maximum amount that a government can borrow. The term especially applies to municipalities; rising above the debt ceiling may trigger a reduction it a municipality's credit rating. Cities and other local governments that are near the debt limit may issue participation certificates--a right to the receivables for a certain project--instead of direct debt. The United States also has a national debt ceiling, but Congress simply raises it every time the national debt approaches the ceiling.

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Debt outstanding subject to limitation	against Raising the Federal Debt Limit: In 2006, Obama voted against misguided Republican efforts to raise the statutory debt limit at the same time the Republicans were pushing through massive debt-financed tax cuts for the wealthy. In the shadows of promise: evaluating Obama's campaign pledges by Eddlem, Thomas R. / The New American At this pace, USPS could reach its $15 billion statutory debt limit by fiscal year 2011. U.S. Postal Service: Deteriorating Postal Finances Require Aggressive ... by General Accounting Office Reports & Testimony Borrowing in support of the program is subject to the statutory debt limit, which will be increased by 700 billion, the statement said. US Treasury unveils proposed massive financial sector bailout by AFP / AFP American Edition	Statement of Auditing Standards statement of cash flows Statement of condition Statement of Financial Accounting Standards No. 52 Statement of Financial Accounting Standards No. 8 statement of financial condition statement of financial position Statement of Retained Earnings Statement-of-Cash-Flows Method Statements Static theory of capital structure Stationary Time Series Statism Statist Statistical Arbitrage Statistical inference Statistical Office of the European Community Statistical Tracking Error statute Statute of Frauds statute of limitations statute of repose Statute of Uses Statuten Statutory Accounting Principles Statutory Debt Limit statutory dedication Statutory Employee statutory foreclosure Statutory Investment statutory lien Statutory Merger statutory right of redemption Statutory Surplus Statutory Voting Staying Power STC STD Steady State Steenth Steepening of the yield curve STEER Analysis steering Stem the Tide Step Aside step loan Step Up Step-Down Note step-in-the-dark rule Step-Out Trading Step-Up	Statutes of the Grand Duchy of Lithuania Statutes of Westminster Statutes staple Statuti statutorily statutorily statutorily statutorily statutory statutory statutory statutory statutory Statutory Accounting Statutory Accounting Practices Statutory accounting principles Statutory accounting principles Statutory accounting principles Statutory accounting principles Statutory accounting principles Statutory Accounting Principles Working Group Statutory Adoption Pay Statutory Agent Statutory Agents Statutory and Constitutional Provisions Statutory assessment test Statutory Audit Directive statutory bond statutory cogency Statutory construction Statutory Debt Limit Statutory Debt Limits Statutory Debt Limits Statutory declaration statutory declarations statutory dedication Statutory Dismissal and Disciplinary Procedure Statutory Dispute Resolution Procedure Statutory Employee Statutory Employees Statutory Fishing Rights Allocation Review Panel statutory foreclosure Statutory Funding Objective Statutory Health Insurance Statutory holidays Statutory holidays Statutory holidays Statutory holidays Statutory holidays Statutory Inspection of Anglican Schools Statutory Instrument Statutory Instrument Statutory interpretation Statutory invention registration Statutory investment Statutory Investments statutory law statutory law statutory lien Statutory Liquidity Ratio Statutory Management Requirement

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References in periodicals archive

Financial browser

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Debt outstanding subject to limitation

against Raising the Federal Debt Limit: In 2006, Obama voted against misguided Republican efforts to raise the statutory debt limit at the same time the Republicans were pushing through massive debt-financed tax cuts for the wealthy.

In the shadows of promise: evaluating Obama's campaign pledges by Eddlem, Thomas R. / The New American

At this pace, USPS could reach its $15 billion statutory debt limit by fiscal year 2011.

U.S. Postal Service: Deteriorating Postal Finances Require Aggressive ... by General Accounting Office Reports & Testimony

Borrowing in support of the program is subject to the statutory debt limit, which will be increased by 700 billion, the statement said.

US Treasury unveils proposed massive financial sector bailout by AFP / AFP American Edition

Statement of Auditing Standards

statement of cash flows

Statement of condition

Statement of Financial Accounting Standards No. 52

Statement of Financial Accounting Standards No. 8

statement of financial condition

statement of financial position