1.   Because the money has been spent on current services, benefits will have to be cut, taxes raised or the deficit would have to increase.

2.   A ballooning trade deficit has increased calls to weaken the real to make Brazilian exports more competitive abroad.

3.   A reduced U.S. budget deficit would only have good implications for borrowing costs around the world, some investors assert.

4.   A widening trade deficit has increased calls on Brazil to weaken its currency, the real, to make exports more competitive abroad.

5.   Even a rising U.S. trade deficit has a silver lining.

6.   For now, the trade deficit has little cost.

7.   Juppe reiterated public deficits had to be cut.

8.   The Brazilian bonds will likely yield more, however, since the maturity is longer and a growing current account deficit has unnerved investors.

9.   The emphasis on homegrown Japanese demand is aimed at avoiding the type of yawning trade deficits Japan had with other countries five years ago.

10.   The growing trade deficit also has a benefit of its own for the euro.