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A '''Deficit''' is the amount by which outlays exceed receipts in a given fiscal period. (A [[surplus]] would be the amount by which the receipts exceed outlays).<ref>[http://www.senate.gov/reference/glossary_term/deficit_or_surplus.htm] US Senate Reference</ref>
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A '''Deficit''' is the amount by which outlays exceed receipts in a given fiscal period. (A [[surplus]] would be the amount by which the receipts exceed outlays).<ref>[https://www.senate.gov/reference/glossary_term/deficit_or_surplus.htm] US Senate Reference</ref>
    
==References==
 
==References==
 
<references/>
 
<references/>
 
[[Category:United States Senate Terms]]
 
[[Category:United States Senate Terms]]
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