(From AFX Europe (Focus))
WASHINGTON (AFX) -
America's trade deficit unexpectedly jumped to a new record in August, providing ammunition for Democrats to attack Republican trade policies in the closing weeks of the fall elections.
The gap between what the U.S. exports and what it imports rose by 2.7 percent to $69.9 billion, marking the second straight month it has set a new record, the Commerce Department reported Thursday. Wall Street had been looking for a slight improvement in August.
The deterioration was led by another record foreign oil bill, which pushed imports up to an all-time high, swamping a solid increase in exports, which also set a record. The politically …