Trade Deficit Forces America to Borrow $2 Billion a Day

Armand Biroonak's picture

CAF STAFF

Submitted by Armand Biroonak
September 29th, 2008
Posted in

Every day, America has to borrow $2 billion from foreigners to finance our nation’s trade deficit. Last year’s deficit was $711 billion, up from $365 billion in 2001.

Source
U.S. Census Bureau
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