RECENT NEWS
Obama Wants Bipartisan Agreement on Jobs, Deficit (Update1)
BusinessWeek  3 hrs ago  Comment 
President Barack Obama told Democratic and Republican congressional leaders he wants to move on a jobs bill and other legislative priorities with both sides finding some common ground.
U.S. Stocks Rally on Growing Prospects for Bailout of Greece
BusinessWeek  4 hrs ago  Comment 
U.S. stocks rallied, sending the Dow Jones Industrial Average back above 10,000, as prospects for a bailout of Greece eased concern that deteriorating government finances will derail the global economic recovery.
Euro climbs heavily on bright outlook of European deficit
FX Street  8 hrs ago  Comment 
The dollar is sliding in markets versus major currencies, since there are anticipations in markets... For more information, read our latest forex news and reports.
Pension fund deficits rise again
BBC News  8 hrs ago  Comment 
The deficit in final salary pension schemes in the private sector rose in January, the Pension Protection Fund says.
Average income to rise, fiscal deficit to go down
The Economic Times  Feb 9  Comment 
The revival in the economic growth will not only push up average income of people but will also help the government reduce the fiscal deficit.
Megan Fox's 'cosmetic deficit'
Sydney Morning Herald  Feb 8  Comment 
Megan Fox's congenital deformity is obscured by the use of a body double in a new mobile phone advert.
Average income to rise, fiscal deficit to go down
The Times of India  Feb 8  Comment 
The revival in the economic growth will not only push up average income of people but will also help the government reduce the fiscal deficit.
Spain Will Take More Deficit Action If Growth Misses Estimates
Bloomberg  Feb 8  Comment 
Spain’s government will take more steps to cut the budget deficit if economic growth falls short of government forecasts, Deputy Finance Minister Jose Manuel Campa said.
The 'Budget Deficit Crisis' Is A Myth, And It's Getting In The Way Of Obvious Reform
Clusterstock  Feb 8  Comment 
From truthout: The country faces a serious crisis in the form of a manufactured crisis over the budget deficit. This is a crisis because concerns over the size of the budget deficit are preventing the government from taking the steps needed...
VAT Trap: The inevitable fix for the deficit
CNNMoney.com  Feb 8  Comment 
The gigantic deficits the Administration is projecting are appalling, and they provide a chilling look at our future: America is hurtling towards a fiscal trap that is forcing us into the only option we'll have to restore budgetary sanity: A...



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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

A deficit is the amount by which a government's spending exceeds its revenue. Deficit spending requires that a government borrow money, usually by issuing bonds, and can affect Interest Rates and the value of its Currency.

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