"hit its ceiling" is a correct and usable phrase in written English.
It is used to describe a situation in which something reaches a maximum limit (or a peak) and can no longer increase, usually in a negative sense. For example, "The company hit its ceiling of growth last quarter, and profits have started to decline."
The Treasury Department would be able to issue as much debt as it needs to through Feb. 7. At that point, everything would revert to normal: The country would hit its ceiling.
There are tour officials and coaches who wonder if the negative energy is wearing on Hingis's already ragged confidence, if her mother's admirable work in designing her daughter's small-ball style has hit its ceiling and if a change is necessary to turn the world's No. 1 player from the underdog into a favorite against the game's big hitters.
Finally, a Banc of America Securities analyst downgraded Citrix Systems to neutral from buy. While the analyst believes that the company has significant potential, he said the stock may have hit its ceiling.
Oil prices were higher Friday, but still got hung up around $130, giving hope to some investors that the record run of black gold may finally have hit its ceiling.
(See "Nokia May Have Hit Its Ceiling") "Nokia clearly had quite a tricky diplomatic trick to pull off in bringing Ovi to market without alienating some of its customers," said John Delaney, analyst with Ovum Research.
In May the greatest nation will hit its debt ceiling; unless it is raised, Uncle Sam will soon start defaulting on his bills.This is the America that China's leaders laugh at, and the rest of the democratic world despairs of.
At the end of September, the federal government will run out of money unless Congress takes action, and even if it does, the government will hit its debt ceiling in mid-October, the Treasury says.
The Treasury is expected to hit its debt ceiling in May, at which point it will need authorization from Congress before it can take on additional loans.
It is still far below the heights it reached the last time the government threatened to hit its debt ceiling, in 2011.
Either way, the government will hit its debt ceiling soon, prompting another fight.
And the US is still on track to hit its debt ceiling limit of $16.7trn in three days time.
