Definition
To be in an increasingly difficult or risky situation; to falter or begin to fail.
In Context
- "While the heartland is chugging right along, the economies of Southern California and New England are still taking on water."
- "Democrats on Capitol Hill . . . are struggling not to go down with the Obama campaign (which is taking on water at an alarming rate)."
- "The team refinanced $250 million of debt and is no longer taking on water under the leadership of GM Sandy Alderson."