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Debt is that which is owed; usually referencing assets owed, but the term can cover other obligations. In the case of assets, debt is a means of using future purchasing power in ... http://en.wikipedia.org/wiki/Debt
Borrows the money needed to operate the Federal Government, accounts for the resulting public debt, and issues Treasury securities (Savings Bonds and Treasury Bills) to refund the ... http://www.publicdebt.treas.gov/
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