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The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. en.wikipedia.org

It also formally limited state debt, a predecessor of many contemporary debt ceiling clauses. en.wikipedia.org

The debt ceiling is an aggregate figure which applies to the gross debt, which includes debt in the hands of the public and in intra-government accounts. en.wikipedia.org

The agreement involved one third funding by the state and required an increase in the state's debt ceiling to fund its portion of the deal. en.wikipedia.org

The apparent redundancy of the debt ceiling has led to suggestions that it should be abolished altogether. en.wikipedia.org

The borrowing-cap debt ceiling as of 2005 stood at $8.18 trillion. en.wikipedia.org

As this total debt ceiling limit is currently set at $500 million by agreement with the federal government, incorporating the bridge debt became a significant issue. en.wikipedia.org

After months of heated debate, the debt ceiling was ultimately raised and the tax cuts extended. en.wikipedia.org

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