This means Americans are buying more goods than they export from overseas, representing an outflow of money.
According to a news release from the Commerce Department’s Census Bureau and Bureau of Economic Analysis, the seasonally adjusted U.S. goods and services deficit was $75.7 billion in June, a 6.7 percent, or $4.8 billion, increase from the $71.0 billion deficit in May. [ Source: Western Journal (Read More…) ]
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