US current account trade deficit narrows

Associated Press
US current account trade deficit narrows

FILE - In this Wednesday, Dec. 5, 2012 file photo, containers are unloaded from cargo ships at APM Terninals in the Port of Los Angeles. The U.S. current account trade deficit narrowed in the final three months of 2012. But that didn't prevent the deficit for the entire year from climbing to the highest level in four years. The Commerce Department reported Thursday, March 14, 2013 that the current account deficit in the October-December quarter narrowed to $110.4 billion, down 1.8 percent from the previous quarter. The improvement reflected gains in Americans' earnings on their foreign investments and stronger earnings on service trade, a category that covers such things as airline travel. (AP Photo/Nick Ut, File)

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