Wednesday, August 11, 2010

US Trade Gap Unexpectedly Widens Sharply in June

More terrific news in Obamaland.
The U.S. trade deficit widened a surprising 18.8 percent in June on a surge of consumer goods from China and other suppliers, while U.S. exports fell, a government report showed on Wednesday.

The monthly trade gap totaled $49.9 billion, the highest since October 2008. The deficit was wider than any of the 67 Wall Street forecasts collected before the report.

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