"The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items"

This quote by Robert C. Solomon is referring to the current account of the United States' balance of payments. The bank account is a procedure of a country's international deals, including sell goods and services, earnings payments, and transfers. The quote is indicating that the United States has a deficit in its bank account, meaning that the nation is investing more cash on imports than it is receiving from exports. This deficit is most likely due to the country's reliance on imports for items and services, along with the reality that the United States is a net importer of capital. The deficit in the current account can have an unfavorable impact on the nation's economy, as it can result in a boost in the national debt and a decrease in the value of the currency.