debt ceiling

debt ceiling　1.债务限额；2.债务最高限额　

1.debt limit is to limit their debt of quotas；2.the maximum amount of monies the United States can borrow.The debt ceiling was created under the Second Liberty Bond Act of 1917，putting a“ceiling”on the amount of bonds the United States can issue.As of the end of July，2011the debt ceiling was set at$14.3trillion，also known as the“debt limit”or“statutory debt limit.”