US trade deficit widens 16% to hit $48.7 billion, While US Govt will default on its debt by March

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Dollar Going Down in FlamesJNN 12 Jan 2013 Washington D.C : US Commerce Department says the country’s trade deficit widened by 16 percent to reach USD48.7 billion in November 2012 after a rise in the imports of consumer goods. While A new official report predicts that US government will default on its debt before March 2013. Continue reading →

US Economy lost , Debt more than its GDP, Apple has more cash than US Govt

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JNN 03 Aug 2011 : The US Department of the Treasury says the country’s debt has topped 100 percent of its gross domestic product amid concerns over the slow pace of economic recovery. Continue reading →