and so on and so on
Trade deficit hits another all-time high
WASHINGTON (AP) — The trade deficit unexpectedly rose 4.4% in October to $68.9 billion, an all-time high, as oil shipments soared and the United States set deficit records with China, Europe, Canada and Mexico, the Commerce Department said Wednesday.
So far this year, the gap between what America sells overseas and what it imports is running at an annual rate of $718 billion, far surpassing last year's $617.6 billion imbalance. Critics say the soaring deficit is evidence that President Bush's policy of pursuing free trade deals around the world is not working.