Federal Debt

Definition

The amount by which a government's expenditures exceed its tax revenues. The difference is made up for by borrowing from the public through the issuance of debt. also called Federal Deficit.

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You may want to know if there is any federal debt and if so how that may affect the overall economy.

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The federal debt was at a level that proved that spending less than one earns is a primary principle to be adhered to.

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The federal debt levels were at an all time high, and some had begun to murmur about whether we would see a broader impact in the general economy if things didn't start to change soon.

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