WordNet
n. an excess of the federal government's spending over its revenue; "federal deficits can cause inflation"
Usage examples of "federal deficit".
Thus the cost of the federal deficit would also increase, forcing the government to pull in more of the domestic money supply, reducing the pool of money available to personal and business loans and further increasing interest rates for the public through market forces over and above what the Fed enforced itself.
The federal deficit is totally out of control due to mandated increases in social program expenditures.
He calculated afterward that his briefing had enhanced the federal deficit by a couple of thousand dollars.
By simple bookkeeping you could compute the unreturned green money and figure it as a deduction from the federal deficit, as though it had been a contribution to the government.