Legislators continue to bicker over how and how much to trim from the federal budget in exchange for an agreement to raise the nation's statutory limit on borrowing.

就如何以及削减多少联邦预算以换取增加国家法定举债限额的协议，立法者继续在争吵。

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However, this rule can, and often is, bypassed through prime brokerage subsidiaries in the UK since the UK has absolutely no statutory limit on the amount that can be re-hypothecated.

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Now I wouldn't like to give you the impression that I am a serial offender, but last year I had another encounter with a police officer, on the M5 motorway, along which I had been proceeding at a speed some several miles an hour above the statutory limit.

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But a statutory debt limit is a poor substitute for a constitutional balanced budget amendment.

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