March 20, 2014
MORE WITH LESS:
US current account deficit narrows to lowest level in 14 years as exports, income rises (CHRISTOPHER S. RUGABER, 3/20/14, AP)
The imbalance fell to $81.1 billion in the fourth quarter, down from $96.4 billion in the July-September quarter, the Commerce Department said Wednesday. That's the smallest gap since the third quarter of 1999.The current account is the country's broadest measure of trade, covering not only goods and services but also investment flows. A smaller trade deficit usually means that U.S. companies are producing more to meet domestic and overseas demand.
Posted by Orrin Judd at March 20, 2014 7:59 PM