End the trade deficit, and fiscal issues will go away
With the election over and status quo in Congress, many see the “fiscal cliff” as an artifice intended to cause unwilling politicians and party leaders to do something in the national interest. It’s also understood that what Congress did, Congress can undo, and that we are not likely to see solutions — just more can-kicking. [...]
Monthly U.S. exports to Europe grew in December, a hopeful sign after a steep decline the previous month. But, some economists remain concerned that the region’s debt crisis will still weigh on the U.S. economy this year. The Commerce Department said Friday that the overall trade deficit widened to $48.8 billion in December because imports [...]
Continue reading …The U.S. trade deficit edged down to the lowest point in 10 months as exports, helped by a weaker dollar and rising foreign demand, climbed to the highest level in more than two years. The trade deficit narrowed to $38.3 billion in November, down 0.3 percent from October’s revised $38.4 billion deficit, the Commerce Department [...]
Continue reading …The U.S. trade deficit widened more than expected in February as a small gain in exports to the highest level in 16 months was offset by a bigger jump in imports, reflecting increased demand for consumer goods from televisions to clothing. The wider deficit was a sign of a rebounding U.S. economy. Economists expect the [...]
Continue reading …(A.P.) The U.S. trade deficit rose during March for the first time since last July as the global recession cut sharply into sales of American exports. The Commerce Department reported that the deficit widened to $27.6 billion during the month, slightly lower than the $29 billion gap that economists had forecast. The March deficit was [...]
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