Federal Trade Deficit Soars to Record $725.8 billion for 2005

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00007972-federal-trade-deficit-soars-to-record-725/

By Greg Robb, MarketWatch

The U.S. trade deficit widened in December and swelled to a new annual record, a government report showed Friday.

The nation’s trade gap widened by 1.5% in December to $65.7 billion, the Commerce Department said.

Economists said the deficit, which widened more than expected, was a sign of a robust economy because exports and imports both picked up.

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