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Article: SENATE FINANCE COMMITTEE CHAIRMAN BAUCUS CALLS RECORD TRADE DEFICIT UNSUSTAINABLE
- Article from:
- US Fed News Service, Including US State News
- Article date:
- February 13, 2007
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The Senate Finance Committee issued the following news release:
Sen. Max Baucus (D-Mont.), Chairman of the Senate Finance Committee, commented today on the record trade deficit announced by the Commerce Department. The latest figures for international trade in goods and services showed America bringing in $763.6 billion more in imports than we sent out in exports for 2006 - a more than six percent increase over the record 2005 trade gap. Our trading deficit with China also grew 15 percent for another record of $232.5 billion.
"We can't keep racking up these record trade deficits. We've got to sell more than we buy," said Baucus. "On trade, just like our domestic budget, we need to chart a ...