Trade deficit at highest level in 14 months

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We are now buying close to 3/4 of a trillion dollars worth of stuff more then we are selling to the nations each year. This has to end or the fall of the dollar and loss of jobs will continue.

“WASHINGTON (AP) — The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined slightly while the weak dollar boosted exports to another record high. The Commerce Department reported Friday that the trade deficit, the gap between imports and exports, jumped 9.3%, to $63.1 billion. The imbalance was much larger than the $60 billion that had been expected.”

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Date posted: Sunday, January 13th, 2008 11:20 am | Under category: American patriot topics, Danger to the US, economy
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