"extend borrowing" is a correct and usable phrase in written English.
You would use it when you want to talk about extending or prolonging a borrowing or loan of something. For example: "The bank extended our borrowing on the loan by another six months."
If the government got close to the debt limit again before the elections in November, a Treasury official said, "we would be able to invoke extraordinary measures to extend borrowing authority beyond the elections".
But that expansion did not occur by magic: more people are homeowners now than in the past because of financial instruments that extend borrowing privileges down the socioeconomic ladder.
If Congress does not act to extend borrowing authority, all of these payments would be at risk.
Its lending banks had extended borrowing facilities only for a 15-month "breathing space" and some analysts have predicted it could be forced into a rescue rights issue.
The F.H.A. recently issued rules for a "Back to Work" loan program that extends borrowing privileges to otherwise ineligible applicants who can prove that their past financial problems were beyond their control, and that they are back on more sound financial footing.
It is important to point out that extending borrowing authority does not increase government spending; it simply allows the Treasury to pay for expenditures Congress has previously approved.
Extending borrowing authority does not increase government spending; it simply allows the Treasury to pay for expenditures Congress has already approved".
Card companies have extended borrowing lines to Americans to an alltime high of $3 trillion, nearly double the level just four years ago.
As I have stated previously, extending borrowing authority does not increase government spending.
House Republicans are also threatening to refuse to extend US borrowing limits when they are breached, in mid-October, unless other concessions such as tax reform and oil pipeline permits are granted.
I have made these points in recent discussions with the Cayman Islands and Anguilla when they sought permission to extend their borrowing without showing how they intended to drive down borrowing in the short to medium term.
