The Financial Times of London, in an article datelined October 1, 2004, ran a special report on the world economy, focusing on threats to global economic growth. One of the main portions of this article was something that focused on the U.S. trade deficit—"the big balancing act" as it was called. It was pointed out that a record $55.8 billion U.S. trade deficit in June was a reminder that one of the world's great economic imbalances has yet to be rectified.