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Trade deficit lowest in seven months
Oct 11 2007 8:40PM (CT)
WASHINGTON (AP) - The falling dollar led more foreigners to buy American in August, helping to push the trade deficit down to the lowest point in seven months. That was welcome news for the Bush administration as it tries to deal with a Congress unhappy over huge trade imbalances and 3 million lost manufacturing jobs.
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US budget deficit drops to 5-year low
Oct 11 2007 5:30PM (CT)
WASHINGTON (AP) - The Bush administration reported Thursday that the federal budget deficit fell to $162.8 billion in the just-completed budget year, the lowest amount of red ink in five years.
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