Sentence examples for statutory ceiling from inspiring English sources
It actually took considerable pressure from the White House to get House Republicans to vote to raise the statutory ceiling on federal debt.
A14 Rearranging U.S. Books The Bush administration said it would juggle finances this week so that the statutory ceiling on government borrowing would not be breached.
In the latest turn in a game of political chicken, the Bush administration announced today that it would juggle some finances this week so the statutory ceiling on government borrowing would not be breached.
Oracle can win damages for other copyright infringements that were found in the case, but those have a statutory ceiling of $150,000 in a case that has cost both sides millions.
Failure to raise the statutory ceiling on new debt issuance, which the Treasury will bump up against early next year, would be a "great shock to confidence that would quickly spill over to financial markets in the rest of the world".
Both sides are carefully positioning themselves, realizing it would be calamitous not to raise the cap on the government's ability to borrow; this is an archaic practice that began in 1917, when Congress set a statutory ceiling on U.S. debt obligations and allowed it to be increased only temporarily so politicians could use it as leverage.
The latter might happen when the Treasury runs out of room under its statutory debt ceiling.
The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy".
And neither was taking seriously the president's pledge not to bargain over raising the government's statutory borrowing ceiling.
Then by mid-October, the Treasury will no longer be able to borrow money to finance the government unless lawmakers approve an increase in the statutory debt ceiling.
But the affiliated damage — like the undermining of consumer and business confidence — will be far greater, economists said, especially combined with the financial effects of the near-breach of the country's statutory debt ceiling.
