Tag Archives: Congressional Budget Office

US International Trade Deficit Soars in April to $50 Billion

The US  international trade deficit in goods and services increased to $49.4 billion in April from $42.3 billion in, as exports and imports saw their largest monthly declines in history. It is the latest indicator that economy is struggling during the COVID-19 crisis according to Commerce Department data. The bad news increases if you consider the unemployment crisis. Continue reading

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U.S. 2011 Deficit $1.3 Trillion, Greater Than any Year Since 1945

The 2011 deficit was equal to 8.6% of gross domestic product, CBO estimates, down from 8.9% in 2010 and 10.0% in 2009, but greater than in any other year since 1945. Continue reading

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