WASHINGTON (AP) — The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially thought. The overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period, the Commerce Department reported Friday. The revised figure, weaker than the government's initial estimate of a meager 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending.Read more on NewsOK.com