Trade Deficit Hit an all time high in October due to Oil, and new products from China. The Deficit rose 4.4% in the month. It rose to 68.9 billion. The high rise was not expedted at all, with some people blaming it on the harsh hurricane season. The Deficit is expected to reach 730 billion by the end of the year, and by the end of next year,760 billion.

"The United States incurred record deficits in October with most of its major trading partners including China, the 25-nation European Union, Canada and Mexico, a development that was certain to increase protectionist pressures in Congress, where many lawmakers are already unhappy with Bush administration trade policies."