The U.S. trade deficit poses great risks for the US economy as the US must borrow abroad to finance its trade deficits. Also the considerable decline in the dollar indicates that private foreign lenders are less willing to supply new credit. Foreign governments have been forced to step into the gap and finance a growing share of U.S. international debt. The US Deficit now equals 44% of total US government revenues."
3/13/05
US Census Bureau: US Goods and Services Deficit Increases To Record levels
FTD - US Census Bureau "US Goods and Services Deficit Increases To Record Levels
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