Translation of "Schuldenobergrenze" in English

The current debt limit stands at $15.2 trillion.

Both issues – the debt ceiling and a credible deficit-reduction plan – remain unresolved.

It increases the debt ceiling to offset the shortfall in tax revenue.

There would be a ray of hope regarding the increase of the debt ceiling.

The US will once again hit the debt ceiling at the end of February.

Then, US lawmakers have to additionally negotiate the debt ceiling on the US spending.

It has voted to raise the U.S. debt limit 10 times since 2001.

No, actually, my aides are rushing to prepare a bill to increase the debt ceiling.

What's going on with this debt ceiling?

2. Are the recent debt ceiling discussions in the US a cause for concern for investors?

Would you want your member of Congress to vote in favor or vote against raising the debt ceiling?

At present, these are the already-mentioned disputes over the US debt ceiling and budget.

Honoring all three of those legal obligations simultaneously is impossible if Congress refuses to raise the debt ceiling, but raising the debt ceiling without Congressional approval, though illegal and an impeachable offense, was the least-bad choice.

After all, the last big partisan fight (in 2013) over funding the government and raising the debt limit gained little for the Republicans who instigated it – other than significant damage to their reputation for responsibility.

The US Government Accountability Office (GAO) published a helpful report in July that spelled out some of the consequences of the 2013 confrontation over the debt ceiling – including how it pushed up the government’s borrowing costs and the negative impact this had on the economy.

This is because, for the Court to rule to uphold the debt ceiling, it would, in effect, be voting for the United States to default, with the consequences that would entail; and, Steinglass argues, the Court would not do that.

A possible political impasse in the US in September over the budget and debt ceiling complicates the outlook further.

The outcome is both uncertain and highly consequential – for Europe, of course, but also for a global economy that is in the midst of a synchronized slowdown and operating with a weakened anchor, owing to America’s recent debt-ceiling debacle and the humiliating loss of its AAA sovereign credit rating.

One approach might be to ask citizens in all European countries whether they are prepared to accept some sort of fiscal compact involving a hard limit on debt.

The last-minute agreement to raise the US debt ceiling and reopen the government has left Republican Party extremists in a weakened position, while President Barack Obama has emerged strengthened.

In the US, President Barack Obama and Congressional Republicans have for now agreed on a truce to avoid the threat of another government shutdown over the need to raise the debt ceiling.

Indeed, the main international concern has been US policymakers’ reluctance to raise the government’s debt ceiling!

The debt-ceiling debacle has sent a clear message to China – and comes in conjunction with other warning signs.

So, not surprisingly, Republicans are using the vote on the debt ceiling to force cuts in entitlement spending, while Obama and Congressional Democrats are using it to force higher taxes, in part to fracture their opponents’ coalition.

And that implies an extended period of episodic economic disruption and political upheaval far beyond this summer’s debates on America’s debt ceiling and Europe’s distressed sovereign debtors.

Absent a prolonged fiscal-cliff and debt-ceiling mess, the US may be cobbling together a sustainable recovery.

Some authors propose limits on the volume of Eurobonds issued on behalf of Member States, often following the debt ceiling of 60% as defined in the SGP.

This means that only Member States that are not in EDP and respect the deficit and debt thresholds throughout implementation of the clause are eligible for the investment clause.