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To solidify control of Virginia, what did the English do?
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.
Government Budget Deficit
occurs when a government's expenditures exceed its revenues, leading to borrowing or debt accumulation.
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