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Big trade surplus overshadows China reform pledge
Reuters - China pledged on Monday that 2007 would
be another year of extensive financial reform but said there
was no quick way to bring down its record trade surplus.
Federal deficit down sharply this period
AP - The deficit for the first five months of the budget year is down sharply from a year ago as the growth in government tax collections continues to outpace growth in spending.
Federal deficit down sharply
AP - The deficit for the first five months of the budget year is down sharply from a year ago as the growth in government tax collections continues to outpace growth in spending.
Flight to safety sparks global bond rally
FT.com - Bad news from the US subprime mortgage market sparked a global search for safe havens and a rally in government bond prices on Monday as fears grew that subprime woes could spread to the wider US economy.
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