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An effort to help reduce the cost of payday loans for service members in Jacksonville, Fla. has expanded to help the entire community. The Jacksonville City Council passed an ordinance Oct. 11 that places a cap of 36 percent on the annual interest rate that can be charged on payday loans. ... View This Document

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Government debt (also known as public interest, public debt, national debt and sovereign debt) is the debt owed by a government. By contrast, the annual " government deficit " refers to the difference between government receipts and spending in a single year. ... Read Article

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