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Budget Deficit stories:
Wash. budget gap zooms to $2.6B through mid-2011
Nov 19th, 2009 - Houston Chronicle
OLYMPIA, Wash. — Tax increases probably can't be avoided as Washington state tries to patch a budget deficit that's ballooned to about $2.6 billion, top Democratic lawmakers said Thursday.
Health Care Debate Beginning its Final Phase
Nov 19th, 2009 - ABC News
The battle to pass health care legislation has entered one of its final and most difficult phases. Late Wednesday evening, Senate Majority Leader Harry Reid, D-Nev., unveiled...
Analyst's report: $20.7 billion budget deficit for California
Nov 18th, 2009 - San Jose Mercury News
SACRAMENTO — California's budget deficit during the next year and a half will balloon to $20.7 billion, the nonpartisan Legislative Analyst's Office predicted in a report released today.
California Deficit May Reach $21 Billion, Fiscal Analyst Says
Nov 18th, 2009 - Bloomberg
Nov. 18 (Bloomberg) -- California’s budget deficit islikely to widen to almost $21 billion by next fiscal year as themost populous U.S. state’s economy continues reeling from theglobal recession...
Queen to set out deficit promise
Nov 17th, 2009 - BBC NEWS
The Queen is due to set out the government's programme
The government will promise a bill obliging it to halve its budget deficit within four years when it announces its planned new laws in the Queen's Speech.
Budget Deficit videos from YouTube:
0:20Rhode Island Budget Deficit
Rhode Island Budget Deficit
4:46San Diego Faces Largest Budget Deficit In History
Next year, the city will face a $200 million shortfall forcing city officials to make difficult decisions about which programs to cut. The editors discuss.
7:19Lesson 1 National Debt & Budget Deficit Explained
Find more about debt to GDP ratio in other nations at the CIA Factbook bit.ly Also please read the book "Basic Economics" bit.ly
0:44Budget Deficit Tops $1 Trillion for First Time
The federal deficit has topped $1 trillion for the first time. (July 13)
Budget Deficit from WikiPedia:
This article is part of the series:
A budget deficit occurs when an entity spends more money than it takes in. The opposite of a budget deficit is a budget surplus. Debt is essentially an accumulated flow of deficits. In other words, a deficit is a flow, and debt is a stock.
An accumulated governmental deficit over several years (or centuries) is referred to as the government debt. Government debt is usually financed by borrowing, although if a government's debt is denominated in its own currency it can print new currency to pay debts. Monetizing debts, however, can cause rapid inflation if done on a large scale. Governments can also sell assets to pay off debt. Most governments finance their debts by issuing long-term government bonds or shorter term notes and bills. Many governments use auctions to sell government bonds.
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