2004 US trade deficit: $617.7 billion
Denver Post
02/11/05
The American trade deficit broke the $600 billion barrier in 2004, soaring to $617.7 billion, the Commerce Department reported Thursday, but the gap narrowed in December in part because sharply lower oil prices cut the cost of energy imports. The deficit now accounts for more than 5 percent of the American economy, a level that adds further pressure to push down the value of the dollar and increases the amount of U.S. debt held overseas...
http://www.denverpost.com/Stories/0,1413,36~33~2704773,00.html
Informant: Thomas L. Knapp
02/11/05
The American trade deficit broke the $600 billion barrier in 2004, soaring to $617.7 billion, the Commerce Department reported Thursday, but the gap narrowed in December in part because sharply lower oil prices cut the cost of energy imports. The deficit now accounts for more than 5 percent of the American economy, a level that adds further pressure to push down the value of the dollar and increases the amount of U.S. debt held overseas...
http://www.denverpost.com/Stories/0,1413,36~33~2704773,00.html
Informant: Thomas L. Knapp
Starmail - 11. Feb, 12:56
