[RT] Trade Deficit Reaches Record High

[Ben <profitok@xxxxxxxxxxxxx>]

 

----- Original Message -----

From: ian andersen

To: AAQuants@xxxxxxxxxxxxxxx

Sent: Wednesday, December 14, 2005 2:52 PM

Subject: [AAQuants] Trade Deficit Reaches Record High

WASHINGTON Dec 14, 2005 — The U.S. trade deficit unexpectedly rose to
an all-time high in October as oil shipments soared and the United
States set deficit records with China, Europe, Canada and Mexico.

The Commerce Department reported that the gap between what America
sells overseas and what it imports rose by 4.4 percent in October to
$68.9 billion, surpassing the old record of $66 billion set in
September.

So far this year, the trade deficit is running at an annual rate of
$718 billion, far surpassing last year's $617.6 billion imbalance.
Critics say the soaring deficit is evidence that President Bush's
policy of pursuing free trade deals around the world is not working.---

http://abcnews.go.com/Business/wireStory?id=1404987

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