The commerce department released their latest data on wednesday and showed that in the month of july, the us. Was able to increase exports by 3%. As a result, cut the trade deficit by 12 point six %. Now we did still see a 70 billion dollar trade deficit last month, which is well above prependemic levels, but a step in the right direction.
The economy gets both good and bad news, a recent report details Twitter’s attempt to monetize porn on the platform, and the Biden administration’s expansion of student loan forgiveness for government workers pays out billions of dollars. Get the facts first on Morning Wire.