The trade deficit is much more responsive to the growth and consumption differential than to exchange rates.

For small businesses, you need less taxes, less federal spending, and you need less regulation that blocks their growth.

The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems.

Trade is balanced. Growth of exports and imports was practically the same.

In response to rapid growth in cross-border trade and the growing need for automating global trade operations, we are expanding our international presence to assist multinational companies in optimizing their financial supply chain. Emmanuel is the ideal choice to lead our European efforts. We are thrilled to have him on board.

A trade deficit like this is unacceptable, ... It lowers our GDP growth.