The value of loans being written does not set a ceiling on the amount of losses they can generate.
Over time, as the private sector gained experience, the government percentage would be reduced, and the dollar amount ceiling would be reduced.
Failing to raise the debt ceiling would effectively amount to a perfect storm, hitting the U.S. economy where it hurts, according to Bernanke.
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The RFS places a ceiling on the amount of corn that can be used for ethanol at 15 billion gallons beginning in the year 2015.
For one thing, the nation only contains 11 million people, meaning that there is a ceiling on the amount of agricultural imports it can handle.
Perhaps as early as March 31, the United States will reach the ceiling on the amount of debt it can legally hold, according to a letter Treasury Secretary Timothy Geithner sent to congressional leaders Thursday.
The Republicans could defer all discussions with regard to the debt ceiling, which may be hit as early as January, to the next Congress by increasing the debt ceiling by the amount necessary to accommodate three or six additional months of deficit spending.
That matters, because if and when his appointment is confirmed by the Senate, Mr Lew will be immediately engulfed in a battle to get Congress to lift the ceiling on the amount that the Federal government can legally borrow in the financial markets.
In the calendar year of 2011, especially leading up to and through the fiscal cliff -- I mean, rather the debt ceiling negotiations, he spent an enormous amount of time with Republican leaders, face-to-face time, probably more than either of his immediate predecessors did in such a sustained, short period of time.
The share price has no theoretical ceiling, while the bonds pay a fixed amount.
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We cannot control the amount by which they raise the debt ceiling or the timing of the vote.
The government borrows money to make up the difference between what it pays and what it takes in, and the debt ceiling is a cap set by Congress on the amount of debt the federal government can legally borrow.
He also said there should be limits to the amount of government debt held by the public and that the ceiling should be lowered as the Social Security surpluses mounted.
Ok, there was a tremendous amount of news flow last week, including the Inauguration, debt ceiling developments out of Washington, blockbuster earnings reports, economic data, Davos, and many other items.
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As serious as the amount of the debt is, the taffy pull in Washington over the debt ceiling is political theater.
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In its latest incarnation, the interest-rate ceiling on consumer loans is restricted to 5% above the Federal Reserve's discount rate the amount the Fed charges banks for overnight loans.
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