Examlex
What takes information entered into a given system and sends it automatically to all downstream systems and processes?
Federal Taxes
Taxes collected by the federal government from individuals and corporations to fund public goods and services.
Federal Debt
The total amount of money owed by the federal government, accrued from past borrowing.
Budget Enforcement Act
Legislation intended to enforce strict budgetary controls on federal spending, aiming to reduce the fiscal deficit.
Budget Deficit
A budget deficit occurs when a government's expenditures exceed its revenues over a specified period, leading to borrowing or the use of saved reserves to meet the shortfall.
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