The limit on the amount the government is permitted to borrow is also referred to as

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The limit on the amount the government is permitted to borrow is officially known as the debt ceiling. It is the maximum amount of money that the government can borrow to pay its bills and obligations. When the government reaches its debt ceiling, it cannot borrow any more money until the Congress approves an increase in the limit.

The Limit on the Amount the Government Is Permitted to Borrow