We Must Borrow to Combat Trade Deficit

Armand Biroonak's picture
Submitted by Armand Biroonak
September 17th, 2008
Posted in

The second-quarter trade deficit of $183.1 billion means that every day the United States must raise more than $2 billion by borrowing or selling off assets. The trade deficit with China increased by 15 percent in the first half of 2008.

Source
Associated Press
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