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Mentally divide by using powers of 10: 240 ÷ 10
Debt Default
The failure to meet the legal obligations of a loan, such as not making scheduled payments on time.
U.S. Federal Budget
The government's estimate of revenue and spending for a fiscal year that is proposed by the President and approved by Congress.
Federal Deficits
The shortfall where the government's expenditures exceed its revenues within a specific fiscal year.
Interest Payments
The regular payments made to lenders as compensation for the money borrowed, typically expressed as a percentage of the principal sum.
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