A drop in exports helped push the U.S. trade deficit to a record $66.1 billion in September, shattering the previous high of $60.4 billion set in February, the government said Thursday.
The gap was much wider than a mid-point forecast of $61 billion made by economists. The 11.4% widening since August was the largest month-to-month increase since June 2004.
Economists had expected import prices to be flat in October after September's 2.3% surge, which was the largest monthly advance in almost 15 years. Over the past 12 months, U.S. import prices have gained 8.1%.
U.S. exports tumbled 2.6% to $105.2 billion, the biggest setback since the September 2001 attacks on the United States.
By the time Republicans are out of control of our government, we may be bankrupt and our children and grandchildren will suffer.
10 November, 2005
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