Trade with China lopsided as more companies expand to US
Released May 13, 2013International trade has risen dramatically in the past 20 years, but the U.S. still runs a trade deficit, most dramatically with China.
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International trade has risen dramatically in the past 20 years, but the U.S. still runs a trade deficit, most dramatically with China.
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The U.S. government spends $74 billion on information technology, but a quarter of funded programs have “serious management issues.”
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Every second of 2011, the federal deficit rose another $41,210. That means it spent $114,253 and took in only $73,043 during that one tick of the clock.
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The Farm Bill cost the government $96.2 billion in 2011, but just $13.44 billion went to help farmers.
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More Americans have overdue debt payments, despite the end of the recession. The average past-due amount is historically high, too.
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Improper payments by the federal government amounted to $115 billion lost in 2011 – despite legislative attempts to clamp down.
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Since the recession, revenue-starved states have grown more reliant on federal help, but those funds may now be in danger.
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