Trade Gap Widens: Higher oil prices drove...
From Times Staff and Wire Reports
Trade Gap Widens: Higher oil prices drove the current account balance, the broadest measure of the nation’s trade, to a deficit of $25.59 billion in the third quarter, the widest quarterly gap this year, the Commerce Department said. The deficit grew 14% in the third quarter from $22.49 billion in the second quarter and was the largest shortfall since a $26.69-billion gap in the fourth quarter of 1989.
