The spiraling costs of Uncle Sam's deficits

The US Commerce Department recently released figures reporting that the United States' current-account deficit for 2005 was US$804.9 billion, up from $668.1 billion in 2004. The current account is the broadest measure of the US trade balance. In addition to trade in goods and services, it includes income received from US investments abroad, less payments to foreigners on their investments in the United States.

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