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The Daily Capital
NEWS & MARKETS · Lesson 70

The national debt vs the deficit

Daily Desk · Editorial5 min read
People use 'debt' and 'deficit' like they're the same. They're not — and confusing them makes most government-spending news impossible to follow.

“The deficit grew” and “the debt hit a record” sound like the same headline. They're actually two different things — and once you see the difference, government-finance news stops being a blur.

Educational, not financial advice.