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- U. S. budget deficit hit $316 billion in May - CNBC
The U S government drifted further into red ink in May, with a burgeoning debt and deficit issue getting worse
- National Deficit | U. S. Treasury Fiscal Data
The terms deficit and debt are frequently used when discussing the nation’s finances and are often confused with one another To pay for a deficit, the federal government borrows money by selling Treasury bonds, bills, and other securities The national debt is the accumulation of this borrowing along with associated interest owed to the investors who purchased these securities
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