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To: flatsville who wrote (79850)12/16/1999 8:44:00 AM
From: clochard  Respond to of 86076
 
Thursday December 16, 8:37 am Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

U.S. trade deficit swells to record in October

WASHINGTON, Dec 16 (Reuters) - The U.S. trade deficit ballooned to a record $25.94 billion in October, as gaps with China and Japan swelled to new highs and oil prices surged to nearly a three-year high, the U.S. Commerce Department said on Thursday.

The deficit was wider than the $24.3 billion gap forecast by Wall Street analysts, and compared with a revised $24.15 billion deficit in September. Imports rose to an unprecedented $107.86 billion, driven by the booming U.S. economy, while exports slipped for a second straight month, to $81.92 billion.

(Note: this article is ''in progress''; there will likely be an update soon.)