Deficit for key gauge of U.S. foreign trade widens in 1st quarter

Posted: June 19, 2014 at 2:52 a.m.

Dock workers at the Port of Cleveland load the freighter Fortunagracht, bound for Amsterdam, in April. U.S. exports dropped to $399.7 billion in the first quarter from $407.1 billion in the previous quarter, the Commerce Department reported Wednesday.

A drop in U.S. exports and lower income from overseas investments drove the U.S. current account deficit to its highest level in 18 months.

This story is only available from our archives.


« Previous Story

Arab Gulf labor in spotlight as midday work b...

In this Sunday, June 15, 2014 photo, laborers descend in a lift as they start their midday break at the Dragon Mart Phase 2 construction site in Dubai, United Arab Emirates. A midday work ban goes into effect across the United Arab Emirates for construction workers and outdoor laborers, on Sunday, to protect them from the risks of direct sunlight and extremely high temperatures during the hottest summer months.

A midday work ban goes into effect this month across much of the Arabian Peninsula to protect construction wor... Read »

Next Story »

Oil-train specifics will flow in 1 state

 In this Nov. 6, 2013, file photo, a BNSF Railway train hauls crude oil near Wolf Point, Mont. Montana officials intend to release details next week on oil trains passing through the state despite efforts by railroads to keep the information from the public.

Montana officials said Wednesday that they intend to release details next week on oil trains passing through t... Read »