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U.S. Borrows Heavily from Overseas

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U.S. Borrows Heavily from Overseas

Analysis

U.S. Borrows Heavily from Overseas

U.S. Borrows Heavily from Overseas

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The Commerce Department reports the current account trade deficit fell by 5.5 percent to $178.5 billion in the July-September quarter. That was a better-than-expected showing and the smallest current account imbalance since a $173.4 billion deficit in the third quarter of 2005.

David Wessel, economics editor of The Wall Street Journal, talks about the impact of the U.S. government borrowing from abroad with John Ydstie.

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