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Unc Wal's definitions

debt ceiling

A debt limit which is set by Congress and determines the absolute amount of federal debt the United States can hold.

The US Governments borrowing limit.
US stocks are sinking under the weight of the debt ceiling so it was necessary for Congress to vote to raise it, no matter what the consequences.
by Unc Wal August 2, 2011
mugGet the debt ceilingmug.

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