Dace definition: A dace is a type of fish that lives in rivers and lakes . | Meaning, pronunciation, translations and examples English Dictionary | Thesaurus | Translator | Grammar | Scrabble | Blog English
A budgetary situation when the expenses incurred by the government are over and above the tax revenues taken in. Also called Federal Debt.
Deficits are common: in the last half century, the federal government has run a deficit in 45 out of 50 years. If the government runs a deficit, the U.S. Treasury borrows money to make up the difference between how much money is being spent and how much money is coming in â thus creating federal debt.