explain how large federal deficit imapacts bonds prices
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Fiscal deficits are negative balances that arise whenever a government spends more money than it brings in during the fiscal year. This imbalance—sometimes called the current accounts deficit or the budget deficit—is common among contemporary governments all over the world. Since 1970, the U.S. government has had higher expenditures than revenues for all but four years with recent years each year showing a fiscal deficit in the U.S. of more than $1
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