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U.S. Trade Deficit Hits Record in August; U.S. Budget Deficit Trimmed »

The U.S. deficit in international trade of goods and services climbed 2.7% to a record $69.86 billion in August, according to the Commerce Department. In August, the goods and services deficit was up $11.1 billion from August 2005. Exports were up $14.4 billion, or 13.4%, and imports were up $25.5 billion, or 15.3% from year ago period.

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