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Topic: us-treasury

The US Treasury building in Washington
Economy
Friday, 6/26, 06:42 PM

National Debt vs. Budget Deficit: What the Numbers Mean

  • Two of the most-cited figures in US economic debate get constantly mixed up.
  • The deficit is what the government overspends in one year; the debt is the total tab from every year combined.
  • Here's the difference — and why both matter.

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