amsterdam
07-14-2005, 03:09 PM
more terrible economic news!!lol.
Record exports and a decline in oil prices helped the U.S. trade gap unexpectedly narrow to 55.3 billion in may.
The deficit is by at least $100 billion because federal tax receipts have skyrocketed this year by 14.6%(or 204 billion) through june.Economic forecasters believe the budget deficit may come in at about 2.5% of GDP,wich is in line with the historical average over the PAST 40 YEARS.
Record exports and a decline in oil prices helped the U.S. trade gap unexpectedly narrow to 55.3 billion in may.
The deficit is by at least $100 billion because federal tax receipts have skyrocketed this year by 14.6%(or 204 billion) through june.Economic forecasters believe the budget deficit may come in at about 2.5% of GDP,wich is in line with the historical average over the PAST 40 YEARS.