The latest United States economic figures were released Thursday and they may very well place a barrier in front of the economic recovery. In summary: the U.S. trade deficit widened, productivity fell and weekly jobless claims were up. But markets are being distracted by the recent … [Read more...]
U.S. trade deficit widens by 7.7% to $42.3 billion
The United States trade deficit widened to the highest level in five months in February by 7.7 percent to $42.3 billion, according to a report from the Department of Commerce on Thursday. The bulk of the increase occurred from export declines in fuels and capital equipment, but … [Read more...]
Top 10 Reasons Why the United States is in Debt
Filed Under: Finance by
As of December 3rd 2012, the total public debt in the US breached the $16 trillion mark, and stood at almost 90 % of the country’s GDP. The Federal Government’s auditor, the Government Accountability Office (GAO) has called America’s current fiscal policy unsustainable. If the nation … [Read more...]
