An improved technique for limiting current in a switching power converter. The switching power converter includes a soft-start circuit which slowly increases a switching duty cycle upon power-up. Once the converter is operating normally, the duty cycle is controlled to regulate the output voltage. In the event an excessive output current is detected, soft-start circuit is controlled to reduce the switching duty cycle. More particularly, a soft-start capacitor may be discharged during portions of a clock period used to control switching.