Word: deficit
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Dates: during 1960-1969
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...race to make Labour the party of government in the minds of the British voters before death or sickness cut his slim majority out of power. At no time in that campaign has he appeared stronger than he does now: the pound has steadied and the balance of payments deficit may be halved in 1966. The Daily Telegraph polls show Wilson leading the Conservatives by over 7 1/2 per cent. "He has established himself," one political commentator said last week, "as the Indispensable...
Wilson may be expected, therefore, to take advantage of his present strength. While the electorate still remembers the Conservatives' 750 pound deficit of October 1964, and still blames them for the sterling crisis in 1965, Wilson will call an election. By the end of the year, he will attempt to secure a working majority in Commons for the broad measures which are necessary to revive Britain's economy...
...Italian fashions, but it bothers the U.S. Government. The nation's trade surplus -the excess of exports over imports-is rapidly shrinking, thus reducing the base that the U.S. has used to support its foreign and military aid in the face of its chronic balance of payments deficit...
...rate of $25.7 billion. This unfavorable turn has cut the U.S. trade surplus from last year's $6.8 billion to $5.3 billion and frustrated attempts to achieve a surplus in the overall balance of payments. The Commerce Department, which last week estimated that U.S. payments ran a deficit of $200 million to $400 million during the third quarter, expects the nation to dip into the red by some $1.5 billion for the full year...
...intervene vigorously in the debate. The Common Market's crisis, argued Haekkerup, could lead to a major reshuffle that would produce closer economic and political ties throughout Europe-and EFTA should nudge things along. Reason for the Danish push: though EFTA as a whole runs a chronic trade deficit with the Common Market, the problem is particularly nettlesome for Denmark, which depends on West Germany as a major market for its farm produce. Since the creation of the Common Market, that outlet has shriveled...