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.
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...
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.
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.