America . the current account deficit is at its highest level in 14 years

US stock indices on Wall Street tried to heal yesterday’s wounds but failed in a volatile session, started in rise and then profits quickly fell, and the Dow index rose to 34,280 points, Morgan Stanley Bank’s expectations, in a note to his clients that the US indices will drop by 20%.

The US current account deficit rose to a 14-year high in the second quarter of questyear, as companies have increased imports to make up the deficit Stocks are in amid strong consumer demand, according to “Reuters”.

The Commerce Department said Tuesday that the current account deficit, which measures the flow of goods, services and investments in entrance e in leaving the country, it increased by 0.5% to 190.3 billion dollars in the three months from April to the end of June.

The ministry revised first-quarter data to show a deficit of $ 189.4 billion, instead of the previous reading of $ 195.7 billion.

US equities opened the session, in rally as investors try to get rid of fears of being hit by the possible collapse of China’s Evergrande, also focusing on the Fed meeting to get more guidance on monetary policy.

On the other hand, the US House of Representatives Appropriations Committee said the House is expected to vote on Tuesday on legislation to fund the federal government until December 3 and raise the country’s loan ceiling.

Congress faces a September 30 deadline to approve interim funding to avoid a partial government shutdown with the start of the new fiscal year on October 1.

The authority of the Treasury to take in loan will run out in October, unless the debt ceiling is raised from the current $ 28.4 trillion level. The bill will suspend the government debt limit until December 2022.

The current debt ceiling has already been exceeded, reaching $ 28.78 trillion. It is being financed temporarily through Treasury “extraordinary measures” which are expected to expire in October.

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