NEW YORK ( TheStreet) -- Tuesday, the Commerce Department is expected to report the deficit on international trade in goods and services was $42.8 billion in October, up from $41.5 billion in September.The $500 billion annual trade deficit is a major drag on domestic demand, and will likely worsen in the months ahead. Together with a deal to slash the federal budget deficit that raises taxes and cuts government spending by a combined $250 billion, the trade gap could thrust the economy into recession again.
Trade Deficit, Budget Talks Threaten Recession
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