Sunday, March 30, 2014
Sunday, March 23, 2014
U.S. Quarterly Trade Deficit Was the Smallest in 14 Years - NYTimes.com
The imbalance fell to $81.1 billion in the October-December quarter, down from $96.4 billion in the July-September quarter, the Commerce Department said on Wednesday. That is the smallest gap since the third quarter of 1999.
The
current account is the country’s broadest measure of trade, covering
not only goods and services, but also investment flows. A smaller trade
deficit usually means that American companies are producing more to meet
domestic and overseas demand.
current account is the country’s broadest measure of trade, covering
not only goods and services, but also investment flows. A smaller trade
deficit usually means that American companies are producing more to meet
domestic and overseas demand.
Goods exports rose 1.9 percent to $405.4 billion, driven by higher overseas sales of petroleum and agricultural products.
U.S. Quarterly Trade Deficit Was the Smallest in 14 Years - NYTimes.com
Friday, March 21, 2014
Fitch Removes U.S. Credit Downgrade Warning
In a rating action report released Friday, Fitch affirmed the United States’ credit ratings at the top-notch AAA with a stable outlook for the future.
“Thanks to the tenacity of the American people and the determination of the private sector we are moving in the right direction,” Treasury Secretary Jacob J. Lew said in the late February report on the U.S. government’s 2013 fiscal year. “The United States has recovered faster than any other advanced economy, and our deficit today is less than half of what it was when President Obama first took office.”
The update wiped away the negative rating watch that the agency placed on the country on October 15 of last year, when the U.S. was in the midst of a federal government shutdown.
Wednesday, March 19, 2014
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