Broadest Measure of Foreign Trade Deficit Widened 2.4% in Second Quarter
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The deficit in the current account represents the amount the U.S. must borrow from foreigners to cover the shortfall between exports and imports.
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The U.S. current account trade gap  widened slightly to a record $164.71 billion in the third  quarter, data showed on Thursday, but U.S. dependence on  overseas capital was not as great as feared, fueling a big  dollar rally.
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WASHINGTON -- America's trade deficit rose to its second highest level of the year, reflecting higher prices for foreign oil and a continued appetite for Chinese goods despite this year's recalls of tainted products.
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NEW YORK, October 15  - The US trade deficit increased to the second-highest record level of $54 billion in August this year, primarily driven by the elevated oil import prices and record imports of Chinese goods.
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The U.S. trade deficit widened much   more than expected in July to a record $68 billion dollars as   record oil prices pushed America's monthly oil import bill to   an all time high, a government report showed on Tuesday.
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The trade in goods deficit increased to 5.22 billion pounds (7.56 billion euros, 9.37 billion dollars) in August from a revised 4.97 billion in July.
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The Commerce DepartmentÂs revised estimates for the third quarter show gross national product expanding at a 2.2 percent annual rate.
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The U.S. trade deficit grew in July to a record $68 billion, as oil import prices and demand for foreign goods and services rose to new highs.
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The trade deficit widened as  expected in May, as higher oil prices helped lift imports to an  all-time high, swamping a boost to exports from stronger  overseas growth and a weaker dollar, a government report showed  on Thursday.
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The broadest measure of the country's trade and investment flows registered a record deficit of $164.7 billion in the third quarter.
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Record imports and surging oil prices helped widen the U.S. trade deficit much more than expected in November to $63.1 billion, despite a ninth consecutive month of record exports, a U.S. Commerce Department report on Friday showed.
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The U.S. current account deficit  shrank more than expected in the fourth quarter of 2006 to  $195.8 billion, as lower oil prices took a bite out of imports  and U.S. exports continued to rise, a Commerce Department  report showed on Wednesday.
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The trade gap totaled $19.5 billion as foreign demand for exports stayed strong despite worries about slowing global growth, the government news agency reported.
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WASHINGTON -- The trade deficit jumped to the second-highest level in history as surging demand for foreign oil swamped a small gain in US exports, the government reported yesterday. America's trade gap with China hit a record high as retailers stocked up on cellphones, toys, and televisions in preparation for Christmas sales.
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The gross domestic product, the broadest measure of economic output, grew at a 3.3 percent annual rate in the second quarter, the Commerce Department reported yesterday, revising its earlier estimate of 2.8 percent.
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The U.S. current account deficit widened slightly to a record &#36;164.71 billion in the third quarter as the goods trade shortfall grew and the services surplus shrank, the government said on Thursday.
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The U.S. economy, struggling under the weight of a bloated trade deficit, grew at a relatively modest 2.8 percent annual rate in the second quarter, a slower pace of expansion than previously thought.