U.S. Budget Deficit
September 11, 2008
Did the bounce in the dollar solve the U.S. Trade Deficit problem?
The Wall Street Journal, by Jeff Bater in U.S. Budget Deficit
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"The U.S. deficit in international trade of goods and services increased by 5.7% to $62.20 billion from June's revised $58.84 billion, the Commerce Department said Thursday. The June trade gap was originally reported as $56.77 billion.
U.S. exports in July climbed 3.3% to $168.15 billion from $162.79 billion. July imports increased by 3.9% to $230.35 billion from $221.62 billion. The nation's trade gap with China surged.
The overall, $62.20 billion trade deficit was much bigger than Wall Street expectations. Economists surveyed by Dow Jones Newswires estimated a $58.80 billion shortfall for July. It was the widest trade deficit since $62.32 billion in March 2007."
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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