Dr. Peter Morici: Obama, Pelosi and neglect of trade deficit imperils recovery
Sep 9th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Dr. Peter Morici: Obama, Pelosi and neglect of trade deficit imperils recovery: Thursday, economists expect the US Commerce Department to report the deficit on international trade in goods and services was $47.2bn in July. That is less than the $49.9bn registered in June, because many analysts expect stagnating wages are slowing import demand.