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From Times Staff and Wire Reports
The United States is still the world’s biggest debtor nation, but it’s not nearly as deep in the red as first thought, new Commerce Department figures show. The figures, which attempt to value overseas assets at current prices rather than the prices at which they were bought, show the United States from $200 billion to $380 billion better off in 1989 than originally reported. But it was still in the red by hundreds of billions of dollars in 1989.
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