Page:Resources LibraryArrow iconCategory:Current EventsFederal Reserve raises benchmark rate by 0.25 point despite bank turmoilMar 22, 2023Should the Federal Reserve raise interest rates?External ArticlesRead Full Article >>Related ContentLessonSaving and Investing3 Activities·60 MinIf, as individuals, we spend more than we earn, we can go bankrupt. The same is true with nations. If a nation spends on government services more than it takes in from tax revenue, it runs a deficit, and must borrow at interest to get back to even.
LessonSaving and Investing3 Activities·60 MinIf, as individuals, we spend more than we earn, we can go bankrupt. The same is true with nations. If a nation spends on government services more than it takes in from tax revenue, it runs a deficit, and must borrow at interest to get back to even.
