English: Cumulative Current Account Balance from 1980 till 2008. (Photo credit: Wikipedia)
By Martin Crutsinger – The deficit in the current account jumped 15.7 percent to $137.3 billion in the January-March quarter. That’s up from $118.7 billion in the final three months of last year, the Commerce Department reported Thursday.
The current account is the broadest measure of trade. It tracks the sale of merchandise and services between nations as well as investment flows.
U.S. exports of goods increased 1.6 percent to $388.5 billion. But imports rose a larger 2 percent to $583 billion. more> http://tinyurl.com/6ugd346
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