U.S. Current Account Deficit Widens to 14-Year High in Second Quarter


us collapse economic worthy christian news(Worthy News) – The U.S. current account deficit increased to a 14-year high in the second quarter as businesses boosted imports to replenish depleted inventories amid robust consumer spending.

The Commerce Department said on Tuesday the current account deficit, which measures the flow of goods, services and investments into and out of the country, rose 0.5% to $190.3 billion last quarter. That was the largest shortfall since the second quarter of 2007.

Data for the first quarter was revised to show a $189.4 billion gap, instead of $195.7 billion as previously reported. [ Source: US News and World Report (Read More…) ]

12
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Typhoon Kalmaegi Kills At Least One, Forces Mass Evacuations In Central Philippines
Shutdown Ties Record as Senate Looks for Off-Ramp Amid Obamacare Dispute
UN Security Council Advances Trump-Backed Gaza Resolution Creating International Stabilization Force
Feds Prevent 6,525 Known, Suspected Terrorists From Entering US
Senators Introduce Legislation To Codify Antifa Terror Designation
Jesse Klaver Named Dutch Left-Wing Leader As Centrists Win Election
Czech Coalition Formed Amid Ethics Controversy Over Far-Right Nominee
Spain’s Valencia Leader Resigns Over Handling Of Deadly 2024 Floods
Serbia Unrest Grows As Youth Clash With Loyalists Of President Vučić
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News