cap (LIMIT), student debt/loan, payday, Payday Loan, yank, anti-establishment, bridge loan. Borrowing Limit. federal debt limit.

America Is Set to Hit Its Borrowing Limit Today, Raising Economic Fears

The milestone will not immediately affect markets or growth, but it sets the stage for months of entrenched partisan political warfare.

6 MIN READ

As the debt ceiling looms, investors should brace for trouble, our columnist writes. But remember: This, too, shall pass.

At over $1.5trn, America's total student debt is larger than the national borrowing of most countries




It is a promising innovation, but also a timid one, given the challenges the next downturn will probably bring ut it may not be potent enough by itself
ECONOMIST.COM


Capping bond yields could prove a useful tool in the next recession



Trump’s Staff Mixed Politics and Paydays, Filings Show
By STEVE EDER, ERIC LIPTON and ANDREW W. LEHREN
As cash has flooded Washington, even the anti-establishment activists and operatives who sided with President Trump have been enriched.


Rent-A-Center pressured an Ohio charity into quitting a coalition that advocates a crackdown on payday loans. The company, a rising power in the payday-loan industry, threatened to yank its contributions from local hunger programs unless the group withdrew from an effort to cap interest rates on such loans.

Robert Reich 

We just hit the federal debt limit. If we don't raise the debt ceiling, it could trigger a global financial crisis.

But the House GOP refuses to raise it unless Biden agrees to Social Security and Medicare cuts.

Let's be clear: There must be no negotiating on the debt ceiling. It should be abolished. Republicans shouldn't be able to hold the economy hostage by putting hugely popular public programs on the line.

yank (PULL)
verb
1 [T usually + adverb or preposition] INFORMAL to pull something forcefully with a quick movement:
He tripped over the wire and yanked the plug out.
She yanked open the cupboard and everything fell out.

2 [T often passive] MAINLY US INFORMAL to suddenly remove someone or something:
I was yanked out of school and forced to seek work.

yank
noun [C usually singular] INFORMAL
Give the door a yank and it should open.

Payday Loan

Generic term for short-term cash advance secured by personal check, often at very high interest rates. Also called check loan or payday advance loan.

A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday."

Payday loan - Wikipedia

https://en.wikipedia.org/wiki/Payday_loan

bridge loan
n.
A short-term loan intended to provide or extend financing until a more permanent arrangement is made.

Also known as "interim financing", "gap financing" or a "swing loan".

cap (LIMIT)
verb [T often passive] -pp-
to put a limit on the amount of money that can be charged or spent in connection with a particular activity:
High spending councils have all been (rate/charge) capped.
Our mortgage is capped at 8.75% for five years.

cap 
noun [C]
Central government has imposed a cap (= limit) on local tax increases.

cap

verb [ T ]

US 

UK 

 /kæp/

 

present participle capping | past tense and past participle capped

END

to be the last and the best or worst event in a series of events:

The party capped a wonderful week.

LIMIT

to put a limit on an amount of money that can be borrowed, charged, etc:

[ often passive ] The interest rate has been capped at 5%.

COVER

to cover the top of something:

[ often passive ] The mountains were capped with snow.