Us Current Account Deficit Hits $123.1 Billion

WASHINGTON (AP) — The deficit in the broadest measure of U.S. trade rose to the highest level in more than eight years this spring, reflecting in part a drop in fines and penalties paid by foreign companies. The Commerce Department said Tuesday that the deficit in the current account increased to $123.1 billion, up 8.5 percent from an imbalance of $113.5 billion in the first quarter.Read more on NewsOK.com

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