"ceiling budget" is a correct and usable phrase in written English.
It refers to the maximum amount of money that can be spent on a project, program, or organization. Example: The company's ceiling budget for marketing expenses this year is $500,000. This means that they cannot spend more than $500,000 on marketing activities, even if they have the funds available.
Under the debt-ceiling budget agreement, members of the joint committee, evenly divided between the parties, have until Nov. 23 to recommend ways to reduce budget deficits by at least $1.2 trillion over 10 years.
And now we're arguing about debt ceilings, budget cuts, and super-committees, not to mention whether evolution and climate change are real or conspiratorial notions of the left.
Using the debt ceiling in budget negotiations is a dangerous and irresponsible tactic.
Fiscal policy is supposedly constrained by the stability pact, which sets a ceiling on budget deficits of 3% of GDP.
By forcing another vote in December on the debt ceiling and budget, Democrats will try to extract concessions from Republicans.
But handing the Republicans leverage in the midst of the debt ceiling and budget debates would have weakened the White House's hand.
Felix Salmon proposes an explanation for the Obama administration's fecklessness on the debt ceiling: The budget debate, of course, sets near-term taxation and spending.
The stability pact, which will apply the 3% ceiling to budget deficits after the euro has begun, on pain of fines, seems even more ill-advised.
Ireland this week became the first euro-area member to declare that it would bust the stability-pact ceiling on budget deficits of 3% of GDP next year: it expects a deficit closer to 6%.
At the top of his list are possible responses to the debt ceiling and budget deadlock in the United States and Britain's Help to Buy plan, a government program to make mortgages more affordable.
