US goods trade deficit narrows sharply; core capital goods shipments strong
The United States trade deficit in goods shrank considerably in the month of June after a surge in exports. This news could potentially the fears of a potential recession.
State of the Union: Biden vows to cut deficit by $1 trillion by end of the year
President Biden pledged in his first State of the Union address to cut $1 trillion from America's deficit by the end of 2022.
US trade deficit widened to record in June, showing strong pre-delta demand
The U.S. trade deficit widened to a record in June as the resurgent American economy drove strong demand for foreign-made goods ahead of the Covid-19 Delta-variant surge.