RECENT NEWS
Analysis: Shrinking deficit reduces pressure for budget deal
Reuters  May 20  Comment 
The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be fading.
France must take deficit cuts seriously: Bundesbank chief
The Times of India  May 19  Comment 
France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published on Sunday.     
Market shrugs off deficit gap, rallies fifth week in a row
The Economic Times  May 18  Comment 
Sustained foreign fund inflows amid positive global cues too supported benchmark indices to end in positive terrain for the fifth straight week.
Doctor Dino Denting Deficit ?
Forbes  May 17  Comment 
Video Creation science is back in the news. There is the fourth grade quiz gone viral.  Then there is Kent Hovind's doctoral dissertation being rereleased on wikileaks.  I'm not sure the latter is actually news, but the buzz makes it seem...
High fiscal deficit forces S&P to affirm negative outlook on India
The Hindu Business Line  May 17  Comment 
Warns of further downgrade on slower-than-expected reform measures
The Week in Charts: In charts: Clothing costs dive as deficit shrinks
MarketWatch  May 17  Comment 
The week’s data show how clothing prices have been under wraps for over 20 years, while the budget deficit looks to be in better shape than previously estimated. See the data in charts.
Is A Smaller Budget Deficit A Lasting Trend?
NPR  May 15  Comment 
The Congressional Budget Office has sharply revised down the outlook for the federal budget deficit. Some temporary factors are being cited for the projected improvement. Keeping the deficit on a downward path may depend on the economy, analysts say.
Is Karl Rove a Deficit Dove Now?
Bloomberg  May 15  Comment 
Current account deficit takes centre-stage
The Hindu Business Line  May 15  Comment 
US estimates 2013 deficit at $796 billion
The Straits Times  May 15  Comment 
$A weaker at noon following budget deficit
Sydney Morning Herald  May 15  Comment 
The Australian dollar is holding below 99 US cents as an $18 billion budget deficit convinces traders of more interest rate cuts.     
[$] U.S. Deficit Shrinking Fast
Wall Street Journal  May 14  Comment 
A rapidly shrinking federal budget deficit is upending bipartisan talks to reach a federal budget deal, illustrating the conundrum Washington faces.
Deficits falling faster than expected
CNNMoney.com  May 14  Comment 
Australia government forecasts $23.9b deficit in new budget
The Straits Times  May 14  Comment 
US deficit falls faster than expected
Financial Times  May 14  Comment 
Dollar weaker at noon after deficit
News.com.au  May 14  Comment 
THE dollar was weaker at noon as the announcement of an $18 billion budget deficit convinced traders more interest rate cuts are coming.     




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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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