Trade Deficit Surges, Jobless Claims Up
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The US trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history.
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The U.S. trade deficit jumped 6.5 percent to a record $763.6 billion last year as high oil prices and Americans' appetite for foreign-made goods outpaced strong exports.
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The U.S. trade deficit widened more than expected in December and grew 6.5 percent during all of 2006 to a record $763.6 billion, a U.S. Commerce Department report showed on Tuesday.
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America's trade deficit swelled to an all-time high of &#36;55.5 billion in October as imports &#151; including those from China &#151; surged to the loftiest levels on record. Skyrocketing crude-oil prices also contributed to the yawning trade gap.
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The annual US trade deficit rises to a  record $763.6bn, hit by higher oil prices and surging Chinese imports.
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WASHINGTON -- America's trade deficit increased in the spring to the second-highest level in history, reflecting a big jump in payments for foreign oil and a deterioration in the country's investment position.
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WASHINGTON - The US trade deficit continues to swell to new records, hitting $55.5 billion US in October. The US Commerce Department said Tuesday that the trade deficit grew by 8.9 per cent from September, even
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America's trade deficit rose to its second-highest level of the year as the price of imported crude oil jumped and demand for Chinese products remained strong despite recalls of tainted products.
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The U.S. trade deficit, propelled by a record foreign oil bill, surged to &#36;54 billion in August, the second highest level in history. The politically sensitive deficit with China hit a new high as American retailers upped their orders for cell phones, toys and televisions.
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The U.S. trade deficit climbed to a record high for the fifth straight year, with  2006 imports exceeding exports by $764 billion, the Commerce Department reported yesterday. The gap reflects higher oil prices, which increased the nation's import bill, and American consumers' rising appetite for foreign-made goods....
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The U.S. current account deficit  widened more than expected in the second quarter to $218.4  billion, as surging oil prices pushed goods imports higher, the  U.S. Commerce Department said on Monday.
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A record jump in the price of imported oil pushed the trade deficit to &#36;63.8 billion in May, offsetting robust overseas sales gains by American companies.
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The US trade deficit ballooned to a record high of $617.7 billion last year, pushed by soaring oil prices and Americans' insatiable appetite for everything foreign, from cars to toys and food.
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The nationâs trade deficit widened to $60 billion as oil prices jumped and the volume of foreign oil coming into the United States rose.
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The United States trade deficit shrank to $51.6 billion in September, as exports posted their best month on record. In another report, new claims for jobless
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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 annual US trade deficit rises to a new record of $763.6bn, hit by higher oil prices and surging Chinese imports.