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Wednesday, January 12, 2005
The United States Government reported the largest trade deficit in its history today, totalling $60.3 billion for the month of November.
The Commerce Department reported a rise of 7.7% from the previous month, in an announcement that had taken economists and analysts by surprise. The reading had been expected to fall to $54 billion, following a softening in oil prices.
The trade deficit through November totaled $561.3 billion, far above the previous annual record of $496.5 billion set in 2003, and put the country on track to record a trade imbalance topping $610 billion when the December figures are added.
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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
